Technical expect Sudarshan Sukhani has given a buy call for banking major PNB with a target of Rs 890. The stock is currently trading at Rs 867, up by Rs 2.5 on National Stock Exchange.

During trading call on CNBC TV18, Mr. Sudarshan Sukhani has suggested a stop loss of Rs 850 for the counter. The stock has touched an intraday high of Rs 875 today. The stock is trading near its 52-week high.

PNB is trading at a P/E multiple of 8 compared to an industry average of 10. PNB has touched a 52-week high and low of Rs 875 and Rs 286.

Other low P/E stocks in banking sector include Allahabad Bank, Dena Bank, Bank of India, UCO Bank and Canara Bank.

During the past 12 months, the PSU banks offering the most return to investors include, Central Bank (up by 248%), Allahabad Bank (up by 148%), UCO Bank (up by 104%), Corporation Bank (up by 107%) and Andhra Bank (up by 117%).