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PNB Share Price Discussion

Punjab National Bank
Sector: Banks
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PNB - 257104
💠💠 Punjab National Bank on Saturday said it has detected a fraud of ₹3,805.15 crore by Bhushan Power & Steel Ltd and has reported it to the Reserve Bank of India.
The exposure of ₹3,800 crore includes domestic exposure of ₹3,191 crore, overseas exposure of $49.71 million at the bank's Dubai branch and $38.51 million at its Hong Kong branch.
PNB said the company misappropriated bank funds and manipulated books to raise funds from consortium lenders.
"On the basis of Forensic Audit Investigation findings and the CBI filing an FIR on a suo moto basis, against the company and its directors, alleging diversion of funds from the banking system, a fraud of ₹3,805.15 core is being reported by the bank to the RBI," the bank said.
The state-owned bank also said that it has made provision of ₹1,932.47 crore against this account.
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Recent posts in PNB

Buy PNB 65 pe at 1.3
Target 2.5+
Sl below 0.95
R&D required
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Stocks for #LongTerm #INVESTMENT
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HoldingTime 1-3 months
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जो सौ - दो सौ रूपया दूसरे चीज में खर्च करते है
वो कमाई या आपका पूजीं वापस नहीं मिलता है।
लेकिन यहीं रूपया आप शेयर में निवेश करेंगे तो
अच्छा फायदा के साथ आपका पूजीं वापस देगा।
Stocks for #LongTerm #INVESTMENT
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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term
Prakash Gaba of prakashgaba.com suggets buying Bajaj Auto Pharma with target at Rs 2810 and stop loss at Rs 2717.
Moneycontrol
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Asset quality woes may dampen investor appetite for public sector banks
While Yes Bank fund raising may have helped in restoring confidence in the banking sector to some extent, the story may vary for other lenders, especially state-run banks.
www.moneycontrol.com
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#Today #LongTerm #Stock Tips
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#BuyPI #industry 1125 -1130
SL 1110 , Targets1145 , 1165
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