PNB (Punjab National Bank) is a well popular bank in India. Before 2 to 3 years the bank stock was trading near its all-time low but once the bank started making consistent profits the stock price surged by more than 325% in the last 2 years. Here is the latest PNB share price target for 2024, 2025, and 2026.
Punjab National Bank was a profitable and good bank but in 2018 a major scam or fraud happened in the bank that made the bank financially very weak. As a result, the bank started facing a huge loss but in the last 4 years, it has been making consistent profit and its profits are also increasing.
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About Punjab National Bank
Punjab National Bank is a public sector bank founded in 1894. It is one of the largest public sector banks in terms of business as the bank has more than 10,000 domestic branches and 12,500 ATMs. The managing director of the Punjab National Bank is Mr. Atul Goel.
As per reposts, Punjab National Bank is the 6th largest bank in the banking sector and the second largest public bank. In the last 3 to 4 years, Punjab National Banks performed well and established its financials. Here are the services and products offered by the PNB.
Banking
It is a core or base thing all banks provide to their customers. Punjab National Banks offers various types of bank accounts like retailer savings bank account, current bank accounts, salary bank account, and many more.
The bank provides maximum types of bank accounts for different needs and purposes.
Loans
Loans are one of the major sources of revenue for the banks. The banks provide various types of loans like personal loans, house loans, car loans, education loans, gold loans, and more.
FDs and RDs
PNB Bank also offers FDs and RDs services to save money and get an extra return on the money you saved and put in the bank. It is a good thing that is offered by the mostly banks as it is also a source of their revenue or earnings.
For Businesses
For small and medium-size businesses the PNB bank offers accounts and loans to run businesses.
For business, they also offer many services that help to grow businesses like international trade services, supply chain management, and more.
Other Services
There are also many other services that the bank offers like-
- Locker Services
- Government services and businesses
- Wealth Management (high net worth individuals)
- and more…
Punjab National Bank’s Scrip Info
| NSE | PNB |
| BSE | 532461 |
| ISIN | INE160A01022 |
| SECTOR | BANKING |
Company Analysis
Below you’ll find Punjab National Bank’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹1,363 |
| Sep 2023 | ₹1,990 |
| Dec 2023 | ₹2,441 |
| Mar 2024 | ₹3,363 |
| Jun 2024 | ₹3,991 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹485 |
| Mar 2021 | ₹2,695 |
| Mar 2022 | ₹3,908 |
| Mar 2023 | ₹3,359 |
| Mar 2024 | ₹9,157 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,28,223Cr | ROE | 10.85% |
| P/E Ratio (TTM) | 10.92 | EPS (TTM) | 10.66 |
| P/B Ratio | 1.19 | Div. Yield | 1.29% |
| Industry PE | 13.78 | Book Value | 98.25 |
| Debt to Equity | NA | Face Value | 2 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 2.65% | 3.10% | 4.82% | 5.51% |
| DIIs | 13.80% | 13.74% | 12.37% | 10.76% |
| Public | 10.41% | 10.00% | 9.67% | 10.57% |
| Promoters | 73.15% | 73.15% | 73.15% | 73.15% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
- PNB is a profitable bank.
- No share pledge by promoters.
- PNB’s net interest margins are stable.
- Increasing profits from the last 4 quarters as of now.
- Earnings of the PNB are improving/increasing each year.
- FIIs are increasing their holdings over the many quarters.
- In the recent quarterly results, the earnings are improving.
- Punjab National Bank has consistently made profits for the last 4 to 5 years on an annual basis.
Quarterly Results – June 2024
For the Punjab National Bank, it was a good quarter as in the quarter the bank showed a massive profit of Rs. 3,991 Crore. In the quarter, the net profit of the bank surged by more than 628 Crore as compared to its previous quarter.
Not only net profit but also sales of the bank is much higher than the sales of its previous quarters. In the quarter the bank made around 29,145 sales.
PNB Share Price Target
After the 2018 scam in the Punjab National Bank, the financials of the bank became very weak and the stock crashed badly. Again, the bank started working and now it is making profits from the last 4 to 5 years consistently. That’s why the PNB share price targets for 2024, 2025, and 2026 are looking good.
In the last 2 years, the Punjab National Bank stock has surged more than 350% like other public sector banking stocks. As of 22 August 2024, Nifty and Bank Nifty are near their all-time high and creating a fresh new all-time high almost daily.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹155 | ₹160 |
| 2025 | ₹180 | ₹200 |
| 2026 | ₹250 | ₹275 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
PNB Share Price Target 2024
As of 22 August 2024, Punjab National Bank stock is trading at Rs. 117.36 which is approx 18% down from its 52-week high. The stock has been trading in the same range for the last 6 to 7 months while the other banking stocks are going up rapidly.
Currently, there are no problems in the recent quarterly results of the Punjab National Bank as the profits have risen in almost every quarter from the last 5. It is a consolidation phase in the stock, and it is hard to predict when the range will broken.
Currently, Brokers like Motilal Oswal and Sharekhan are almost neutral on the stock. Motilal Oswal was given a target of Rs. 130 which was achieved and Sharekhan’s target of Rs. 140 was also achieved by the PNB stock.
As of now, you should not invest in the stock but in case if the all-time high i.e. Rs. 142.90 is broken with a bullish candle then the PNB share price target for 2024 can touch Rs. 155 to Rs. 160.
PNB Share Price Target 2025 and 2026
In the last few years, Punjab National Bank’s profits have consistently increased. In the financial year March 2024, the bank has shown a net profit of Rs. 9,157 Crore which is its all-time high. Now, we can say the bank has fully recovered from the 2018 scam but its stock price has not. You should not expect that if the profits of the bank are at an all-time high then the stock prices will also go its an all-time high.
As per fundamentals, the PNB (Punjab National Bank) stock is one of the best stocks for long-term investing but not now. You should avoid investing in the stock for the long term as of now because it is trading in a range for more than 5 months. If the stock breaks down then it may fall. In a few words, you should avoid investing in any stock at near its all-time high.
PNB’s share price target for 2025 and 2026 can be very profitable as the earnings of the bank are improving almost every year, earnings per share of the bank are nearly 4 to 5 years high, and sales are increasing rapidly. You can expect a target of Rs. 250 to Rs. 275 for the long term.
Punjab National Bank’s Forecast and Ratings
Two brokers i.e. Motilal Oswal and Sharekhan gave a buy target with a very small target of Rs. 130 and Rs. 140. These targets are already achieved by the stock. So, for now, the targets are not valid for future share price forecasts of Punjab National Bank stock.
Maximum analysts are suggesting to “hold” the stock to the investors and some analysts are bearish. It is because, over the years, the Punjab National Bank surged more than 350%.
FAQs
As of August 2024, you should not buy the stock as it has already given good returns over the year to the investors. Currently, the stock is trading in a range from the last few months.
You can plan any short-term trade in the PNB stock when it breaks its range with a strong candle.
There is no issue in the fundamentals and financials of the Punjab National Bank. But the problem is, that the stock is already near its 52-week high, and investing at this level is very risky.
If you already bought the stock at the lower level and it is in your portfolio then you can consider holding the stock for the long term. Make sure the profit booking is also important.
Currently, PNB stock is trading in a range from the last 5 months. The stock can go up or down when it will break its trading range. There are high chance that the stock can go up and you can expect a PNB share price target of Rs. 155 to Rs. 160.
Final Words
Punjab National Bank (PNB) faced a lot of problems in the last few years due to a major scam. As of now, the bank has recovered from it and it is the second-largest public sector bank. Over the last 5 years, the bank has shown a massive profit that’s why the PNB stock has given a multi-bagger return of more than 350% in the last 2 years. Check, the PNB share price target for 2024, 2025, and 2026 for investment opportunities.
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