Punjab National Bank Fundamentals

Punjab National Bank share prices rises 7% post Q1 results: Should you Buy, Sell or Hold the stock ?

PNB’s share price surged over 7% in morning trading on Monday following the Q1 results announcement. Starting at ₹124.86, the share price was up nearly 4% from the previous day’s close of ₹119.95 on the NSE. It continued to climb, reaching intraday highs of ₹128.66, representing an increase of over 6%. PNB recorded its highest-ever quarterly standalone profit of ₹3,252 crore, driven by higher interest revenue and a reduction in non-performing loans. The net profit saw a 159% year-on-year increase. The net interest income (NII), which is the difference between interest earned and paid, rose by 10.2% to ₹10,476.2 crore in the first quarter of the current fiscal year, compared to ₹9,504.3 crore in the same period last year.

Analysts from Jefferies India Pvt Ltd, with a target price of ₹150 for PNB stock indicating a 20% upside, mentioned in their post-results report that Q1FY25 asset quality remained strong. Jefferies anticipates an earnings rebound for Q1FY25 despite PNB’s net profit being slightly below estimates due to increased operating expenses related to PSLCs. They believe that these expenses are unlikely to recur. Jefferies highlighted the positive aspect of lower slippages at 0.8%, although this was balanced by higher recoveries. Additionally, with coverage already at 88%, Jefferies foresees low credit costs for the next 1-2 years. They project an ROA of 0.9% in FY26, with a potential increase due to a decrease in tax rates. Jefferies also finds the valuation of Punjab National Bank shares reasonable at 1.1 times adjusted price to book values based on FY25 estimates and recommends a Buy rating with a target of Rs150.

After reporting Q1 results, Motilal Oswal Financial Services has increased their Earnings per share forecasts by 5.6% and 0.8% for FY25 and FY26, considering reduced provisions, strong Net interest income, and consistent margins. They project an RoA (Return on Asset) and RoE (Return on Equity) of 1.0% and 14.5% in FY26. MOFSL’s target price for Punjab National Bank (PNB) shares is ₹135.

Kotak Institutional Equities mentioned in their post-results analysis of Punjab National Bank (PNB) that the asset quality is satisfactory, with the net NPL ratio reaching 0.6%, comparable to State Bank of India. The slippage ratio stood at 0.8%, while bad loan recoveries remained strong. Notably, advances increased by 12% year on year, driven by retail and agriculture sectors. Despite this, they consider Punjab National Bank’s share price to be overvalued, setting their target price at ₹110.

PNB Share Price Target 2024, 2025, 2026, 2027, 2028, To 2030 Full Detailed List

PNB’s Share Price Targets are as follows: 2024 – ₹107.33, 2025 – ₹119.00, 2026 – ₹131.20, 2027 – ₹128.90, 2028 – ₹139.10, and projected to reach ₹166.02 by 2030.

PNB Share Price Target 2024 To 2030 Forecast

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PNB Share Price Target 2024 Month Wise

The share price of PNB Punjab National Bank is anticipated to show a bullish trend next month, with estimates suggesting a potential share price range of ₹107.3333 to ₹80.82 between January and December 2024. It is highly likely that an uptick in the company’s share price will occur. PNB Share Price Target is set at ₹107.33 for 2024 to drive additional growth.

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PNB Share Price Target 2025 Month Wise

Punjab National Bank is expected to experience significant growth in its share price in 2025, with a target of surpassing Rs ₹119.00. Anticipated increased demand for PNB in 2025 will attract more investors, leading to a rise in Punjab National Bank’s share prices.

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PNB Share Price Target 2026 Month Wise

PNB expanded its operations while also encountering challenges typical of financial institutions, such as share price fluctuations and economic reforms. The bank faced additional challenges during the global financial crisis. PNB aims for further growth with a share price target of ₹131.20 in 2026.

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PNB Share Price Target 2027 Month Wise

PNB Punjab National Bank faced a major setback in 2018 with the Nirav Modi fraud case, leading to a significant decline in shares and a tarnished reputation. The projected PNB share price target for 2027 is ₹128.90 to drive future growth.

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PNB Share Price Target 2028 Month Wise

PNB has encountered difficulties due to evolving conditions within its banking sector. Despite this, its share prices have risen, demonstrating stability and strong performance in the market. The projected PNB share price target is ₹139.10 by 2028 to support continued growth.

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PNB Share Price Target 2029 Month Wise

PNB aims for a share price target of ₹146.00 by 2029 to drive further growth.

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PNB Share Price Target 2030 Month Wise

In 2030, Punjab National Bank (PNB) shares are expected to perform well, meeting the target of Rs ₹166.02. The bank’s condition will significantly improve by then, leading to an increase in investors and subsequently boosting PNB’s share price. The share price target of ₹166.02 in 2030 is set for PNB’s continued growth.

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Punjab National Bank Shareholding Pattern

PNB Images 2024

Faqs

PNB Share Price Target 2024

PNB’s share price target is ₹92.33 in 2024 to drive additional growth.

PNB Share Price Target 2025

PNB’s share price target is set at ₹99.00 for 2025 to fuel additional growth.

PNB Share Price Target 2030

PNB’s target share price is ₹166.02 in 2030 for additional growth.