Stock Radar I With over 300% rise in earnings, this PSU stock looking attractive post Q1 results: Shrikant Chouhan

“PNB reported ~300% yoy earnings growth (low base), driven by ~10% growth in operating profit. We retain a buy rating, with a target of Rs78 (25% upside from Rs 62), valuing the bank at 0.8X BVPS (adjusted) and 6X June 2025 EPS,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.