PNB, STOCK PRICE ALERT.

PNB, at CMP 980 is trading at about 1.5 Times Book. The Stock has a good support at 954 levels and rock solid long term support at 894 levels. Notwithstanding concerns about deterioration in Asset Quality of PSU Banks ,long term investors should look at buying the Stock at CMP and all dips since the risk reward ratio is highly favourable at this stage. Earlier post at http://indianstocks4u.blogspot.com/2011/08/pnbcanarabob-psu-banks-trio.html