<ul data-eligibleForWebStory="false"><li>PNB's share price declined over 2% as Morgan Stanley retained an 'underweight' rating and Citi Research maintained a 'sell' post Q1 business update.</li><li>Morgan Stanley noted that PNB's loan growth has decelerated and domestic loans or deposit growth moderated compared to the last quarter.</li><li>Citi expects PNB's RAM segments to drive growth with deposits increasing by 12.8% year-on-year.</li><li>PNB's stock fell 2.04% to Rs 111.53 apiece but later traded 1.51% lower. Analysts have mixed ratings, with the average 12-month consensus price target indicating a 2.9% downside.</li></ul>

PNB Share Price Declines As Morgan Stanley, Citi Remain Bearish Post Q1 Update

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