PNB's global business showed a robust 11.26% year-on-year (YoY) growth, reaching Rs 22,51,631 Crore as of September 2023
The company also announced an interim dividend of Rs 5.15 per equity share with a face value of Re. 1
LIC held 6.66% of the firm’s stake at the end of the September quarter.
In the broader market, the BSE Midcap index saw a 1% decrease, while the Smallcap index experienced a 0.3% decline.
Recommendation: Add; Target Price: Rs 220
Investors with moderate risk appetite and want to invest for 3 to 5 years to diversify their portfolio in banking and PSU Sector should invest in Bajaj Finserv Banking and PSU Fund.
The bank's retail asset model (RAM) credit expanded by 13.63% to Rs 5.16 lakh crore, constituting 56% of the total advances.
According to an August 28 study by Icra Ratings, Muthoot Finance is a market leader in the gold lending sector.
Airtel has been at the forefront of 5G innovation, showcasing various use cases that have transformed how customers live and conduct business, including establishing India's first private 5G network and launching the Airtel Xstream Air Fiber
The largest firm in India based on market capitalization is probably going to perform well across the board, with the exception of the petrochemical industry, which may see some decline.

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