Mumbai: Fraud-ridden Punjab National Bank extended its losing run on the bourses with the stock falling below Rs 100 on Tuesday for the first time since June 2016. But, analysts warn that buying the stock could be akin to catching a falling knife.Prima facie, the numbers for PNB might look tempting. RBL’s market value is Rs 20,600 crore and Federal Bank’s Rs 18,900 crore. The market value of PNB Housing Finance, in which PNB holds almost 33 per cent as the biggest shareholder, is Rs 20,300 crore. For the time being it is like a falling knife,” said Suresh Ganapathy, head of financial services research at Macquarie.

Source: Economic Times February 28, 2018 02:26 UTC