PNB Q4 profit surges 160%; Nirmal Bang and Kotak advise selling

PNB Q4 profit surges 160%; Nirmal Bang and Kotak advise selling stock and setting share targets

PNB Q4 profit: Despite Punjab National Bank (PNB) reporting a 160 percent year-on-year (YoY) increase in profit, some brokerages, such as Nirmal Bang Institutional Equities and Kotak Institutional Equities, remained unimpressed and maintained ‘Sell’ ratings on the stock. They pointed to a recent significant surge in the stock price. PNB’s fourth-quarter profit was primarily driven…

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Coforge share price falls 10% on Q4 earnings, and brokerages

Coforge share price falls 10% on Q4 earnings, and brokerages cut target prices: Details

Coforge share price: Coforge Ltd witnessed a decline of up to 10 percent in its shares, dropping to ₹4505.25 on May 3. This followed the company’s release of its quarterly earnings for the March 2024 quarter, along with its dividend declaration and acquisition intentions regarding Cigniti Technologies. Coforge Q4 results Coforge disclosed a consolidated net…

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