PNB owned a 15.22% stake, valued at Rs 1394.52 crore in UTI Asset Management Company as of September 30

Shares of Punjab National Bank (PNB) rallied more than 8 % on Friday's trade to take their winning streak to the eighth straight session

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Friday's rally in the counter was seen after DIPAM approved the divestment of the bank's stake in UTI Asset Management Company in single or multiple tranches.

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SBI

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In the past month, the PNB shares appreciated by 27%, as compared to a 4.6% rise in the S&P BSE Sensex.

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On Thursday, Nov 23, PNB informed that 'CARE Ratings' has revised the outlook for the Bank's AT-1, Tier II Bonds & Infra Bonds from 'Stable' to 'Positive’

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The Research-based broking house Prabhudas Lilladher has given buy on decline till Rs 45 for the upside target of Rs 57-60 per share on 23 Nov

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