PNB Shares Surge Nearly 4% Post Q4 Results: Investment Outlook
PNB share price climbs almost 4% after Q4 results: Should you buy, sell, or hold the PSU bank stock?
Mint
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Punjab National Bank (PNB) shares rose almost 4% on May 6, 2026, following a strong Q4FY26 profit report. The bank's standalone profit increased by 14.41% YoY to ₹5,225.11 crore despite declines in net interest income and margin. Analysts remain mixed on the stock's future performance.
- 01PNB's Q4FY26 profit rose 14.41% YoY to ₹5,225.11 crore.
- 02Net interest income fell 3.5% YoY to ₹10,380 crore.
- 03Brokerage firm Motilal Oswal maintains a 'buy' rating with a target price of ₹135.
- 04Elara Securities lowers its target price to ₹125, maintaining an 'accumulate' rating.
- 05Management projects loan growth of 12-13% for FY27.
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On May 6, 2026, shares of Punjab National Bank (PNB) increased by nearly 4%, opening at ₹110.05 after the bank reported its March quarter (Q4FY26) results. The bank's standalone profit surged 14.41% year-on-year (YoY) to ₹5,225.11 crore, up from ₹4,567 crore in the same quarter last year. However, PNB faced challenges as its net interest income (NII) decreased by 3.5% YoY to ₹10,380 crore, and net interest margin (NIM) also declined. Despite these setbacks, brokerage firms have maintained their ratings on the stock. Motilal Oswal Financial Services issued a 'buy' recommendation, projecting a target price of ₹135, indicating a potential upside of 25%. Conversely, Elara Securities reduced its target price from ₹135 to ₹125, reflecting ongoing volatility and a cautious outlook. The bank's management anticipates loan growth of 12-13% for FY27, with a return on assets (RoA) goal of over 1%.
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The rise in PNB's share price could positively influence investor sentiment, potentially leading to increased investments in the bank and a stronger market position.
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