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Excellent time to take a call on PNB, 5-6% returns likely in a month, says market expert SP Tulsian

Updated : May 29, 2019 03:43 PM IST

One can expect 5-6 percent returns on Punjab National Bank (PNB) in one month, said SP Tulsian of sptulsian.com, adding that this is an "excellent" time to take a call on the stock.

“Those who wish to have a one month view on Punjab National Bank (PNB) can definitely look to go for it... maybe the technical factors are making the stock fall... but this is an excellent time for the investors to take a call on the stock and look for a 5-6 percent return in one month," said Tulsian in an interview with CNBC-TV18.

On Power Finance Corporation (PFC) Q4 results, he said, “There are all the reasons to take a call on PFC at the current valuations if you want a safe or consistent kind of performer. After hearing the management commentary, things going forward are seen to be quite positive. There has been no provision on the bad loan, on the contrary, there has been credit maybe in terms of the IND-AS accounting standards. However, I think that PFC really looks quite good when I compared it on a standalone basis as well as when I compared it with the performance of REC.”

 

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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