PNB has downside target of Rs 644: Anu Jain

Anu Jain, VP-IIFL Private Wealth Management at India Infoline is of the view that Punjab National Bank, PNB has target of Rs 644.

Jain told CNBC-TV18, "Basically I saw a lot of weakness coming into the public sector undertaking (PSU) banks yesterday. So whether it was a State Bank of India, Bank of India or Punjab National Bank; all of them were relatively weaker. I chose PNB but I think that whole pack seems to be weak and my target for that is Rs 644 and I feel that the entire pack is weak and it would continue to remain weak for the day.”