PNB Share: The public sector Punjab National Bank (PNB) announced a 13% year-on-year rise in net profit, reaching Rs 5,100 crore for the third quarter of the current financial year. This is up from a net profit of Rs 4,508 crore in the same quarter (October-December) of the previous financial year 2024-25. On Monday, PNB notified the stock exchange that its total income for the quarter under review grew year-on-year to Rs 37,253 crore, compared to Rs 34,752 crore in the corresponding quarter of the last financial year.
What’s the scoop?
Interest income also saw an increase, rising from Rs 31,340 crore to Rs 32,231 crore. In terms of asset quality, the bank’s gross performing asset ratio improved to 3.19% from 4.09% year-on-year. Likewise, net performing assets (or bad loans) decreased to 0.32% from 0.41%. The capital adequacy ratio rose to 16.77% in the third quarter of FY2025-26, up from 15.41% year-on-year.
How are the company’s shares doing?
PNB shares experienced significant volatility today. They dropped 3% to Rs 128.35. During trading, the shares fell as much as 5.37% to Rs 125.25. Earlier in the day, the stock had climbed 2.11% to hit Rs 135.15, marking its 52-week high. Over 8.10 crore shares of PNB were traded on the National Stock Exchange (NSE). Ultimately, PNB shares closed at Rs 128.35, down 3.04%, while the Nifty 50 index fell by 0.47% during the same timeframe.
Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Shares & Stock Brokers, noted that PNB shares have surged about 58% since their lows in March 2025, which may make them a bit stretched in the short term. He mentioned that the stock remains above the 9- and 26-period EMAs on the weekly chart, suggesting a positive long-term trend.
Experts believe that the Rs 123 level is a crucial support point. As long as the stock stays above this mark, the bullish trend could persist. If there’s a slight dip in the stock during this time, it could present a buying opportunity. According to analysts, a move up to Rs 136 is possible in the coming weeks, provided the market environment remains supportive.
