Buy Centurion Bank of Punjab

Centurion Bank of Punjab has gained over 15% in today’s trading session. The stock has gained due to positive news on the counter and has been suggested by many analysts for a Buy Call for delivery.

The stock has touched a 52-week high of Rs 56.20 on NSE today. Currently, this banking counter is available at a P/E of 78. CBOP will see a significant rise in its business as the effect of merger with Lord Krishna Bank. The merger was announced few months back.

The results for the coming quarter are expected to be good for the bank. This stock can even be bought for a long term if it faces any declines.