PNB The Real Value Buy in 2022 ( Mahesh Kaushik STP Recommendation Jan 2022)

Respected Readers,

Namaskar and Happy New Year 2022

1. Punjab National Bank or PNB is a 2 rupee face value public sector bank.

2. Book Value of the Punjab National Bank is 79.17 so at the Current price of 37.25, PNB is a value buy.

3. PNB Net Sale par share is 77.07 which is near about two times higher than the current market price.

4. If you are a new reader and have not familiar with my research terms then please first visit this link for research terms:- Mahesh Kaushik Research Terms.

5. Nifty bank P/E is 22.33 but PNB traded at 12.70 P/E which is 1.75 times lower than index P/E.

6. Base price of the PNB is 49.81, So CMP is 25% below from base price. 

7. For Base price calculation download the last 3 years price history and graph from this link:-

3 Years Price Data and Graph 

Last 3 Years Price Graph of PNB

8. PNB Profits and EPS:-

9. At present Punjab national bank does not give any dividends since 2015 but due to continuing profits and increasing EPS, I hope the worst time is over and stock may start dividend payment again.

10. Recently Amalgamation Of Oriental Bank Of Commerce And United Bank Of India Into Punjab National Bank is completed.

11. Year high=48.20 Year low =31.90 So year high/ low ratio is below 2.

12. I recommended buying it with my STP method and the STP price for 1 Jan 2022 to 15 Jan 2022 is 40.20, In the STP method buy our target is 25% plus.

13. For more details of the STP method watch this video:-https://youtu.be/gREpTaV50bA

Watch this video to know how to make a google automated sheet for auto calculation of base price:-

14. Link of my Earlier STP recommendations:- 

https://docs.google.com/spreadsheets/d/1ZWtF5z718RkLoz7QMIwtsOa4oXpP0dnHCVOlcSqFyaQ/edit?usp=sharing

15. Link of my latest SIP book:- https://amzn.to/3kIRir9

16. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read the full disclaimer at the bottom of my blog. 

 17.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I have also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not to hold any share of PNB so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company (PNB ). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(PNB) in the past twelve months. 5. I am not served as an officer, director, or employee of the subject company ( PNB ). 6. I have been not engaged in the market-making activity for the subject company (PNB).