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Punjab National Bank (PNB)

₹120.932.71%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 16 analysts

HOLD

20.00%

Buy

33.33%

Hold

46.67%

Sell

Based on 16 analysts offering long term price targets for Punjab National Bank. An average target of ₹108.19

Source: S&P Global Market Intelligence

Punjab National Bank Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹117.5
    ₹121.35
  • 52 Week's Low

    52 Week's High

    ₹58.15
    ₹142.9
1 Month Return-8.47 %
3 Month Return-11.37 %
1 Year Return+ 88.84 %
Previous Close₹117.74
Open₹118.10
Volume3.27Cr
Upper Circuit-
Lower Circuit-
Market Cap₹1,29,643.70Cr

Key Statistics

P/E Ratio14.22
PEG Ratio2.71
Market Cap₹1,29,643.70 Cr
P/B Ratio1.39
EPS0.54

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.58%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth0.61%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth0.43%
UTI Nifty200 Momentum 30 Index Fund Direct GrowthUTI Nifty200 Momentum 30 Index Fund Direct Growth2.04%
Edelweiss Arbitrage Fund Direct GrowthEdelweiss Arbitrage Fund Direct Growth0.89%

Company Information

Punjab National Bank (PNB) is one of the largest public sector banks in India. Incorporated in 1895, PNB is a major provider of banking services in India with approx. 180 million customers, 12,248 branches, and 13,000+ ATMs as on 2021. It is the second largest bank in India in terms of business volume and has a strong presence in the northern and eastern parts of India.

PNB operates in a wide range of banking services, including retail banking, corporate banking, international banking, and treasury services. It also provides services such as loan products, debit and credit cards, internet banking, mobile banking, and other financial services. PNB's top products include home loans, car loans, personal loans, gold loans, and business loans.


Share Price: ₹120.93 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,29,643.70Cr as of today
Revenue: ₹32,976.47Cr as on March 2024 (Q1 24)
Net Profit: ₹3,342.20Cr as on March 2024 (Q1 24)
Listing date: 26 Apr, 2002
Chairperson Name: K G Ananthakrishnan
OrganisationPunjab National Bank
Headquarters
IndustryBanks
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Key events for Punjab National Bank

  • PNB Signs Agreement with SAIL to Offer Discounted Loans - 12 Jul, 2024

    Punjab National Bank has partnered with Steel Authority of India to offer discounted home, car, and education loans to SAIL employees. The partnership aims to improve the financial well-being of SAIL employees while expanding PNB's customer base in the steel sector.

  • PNB Approves Settlement Proposal for PC Jeweller - 08 Jul, 2024

    Punjab National Bank, a consortium bank with the third-largest exposure to PC Jeweller Ltd., has approved the company's one-time settlement proposal for its outstanding dues. The approval signifies a significant step forward for the jewellery retailer.

  • PNB Approves One Time Settlement Proposal for PC Jeweller - 07 Jul, 2024

    Punjab National Bank (PNB) has approved the One Time Settlement (OTS) proposal of PC Jeweller, one of its consortium lenders. The decision was conveyed via a letter dated July 6.

  • PNB Penalized by RBI for Non-Compliance - 06 Jul, 2024

    The Reserve Bank of India has imposed a penalty of Rs 1.31 crore on Punjab National Bank for non-compliance with RBI directions regarding loans and advances, as well as KYC. The bank sanctioned working capital demand loans to two state government-owned corporations against amounts receivable from the government by way of subsidies/refunds/reimbursements, which is a violation of RBI's directions.

  • PNB Reports Strong Q1 Performance Despite Slow Deposit Growth - 05 Jul, 2024

    Punjab National Bank (PNB) reported strong Q1 performance with significant YoY and QoQ growth in its global loan book and advances. However, deposit growth was slower than the industry trend. Morgan Stanley has an underweight call on PNB with a target price of Rs 70 per share.

  • PNB Reports Strong Performance in Q1 FY24 and FY25 - 04 Jul, 2024

    Punjab National Bank witnessed growth in its global business, deposits, and advances in Q1 FY25. Additionally, the bank reported a significant increase in net profit and reduction in gross NPA ratio in Q1 FY24.

  • PNB Rakshak Plus Scheme Enhances Insurance Coverage for Indian Army Personnel - 01 Jul, 2024

    Punjab National Bank's flagship program, PNB Rakshak Plus, has increased insurance coverage and benefits for active Indian Army personnel. The updated list of benefits includes air accidental insurance coverage up to ₹1.5 crore, personal accident insurance covering whole or partial disability up to ₹1 crore, and additional coverage for fatalities during operations, imported medicines, transportation costs, and air ambulance expenses. The scheme is available to members of the armed forces, paramilitary forces, police forces, special forces, firefighters, trainees, and pensioners.

  • PNB to Remain Promoter of PNB Housing Finance - 28 Jun, 2024

    Punjab National Bank (PNB) will continue as a promoter of PNB Housing Finance even after the mortgage lender completes its rights issue. The bank has received RBI approval to infuse up to Rs 500 crore for subscribing to PNBHFL shares in the proposed rights issue of up to Rs 2,500 crore expected by December.

  • PNB Stock Upgraded to Accumulate by Nirmal Bang Institutional Equities - 27 Jun, 2024

    Nirmal Bang Institutional Equities has upgraded its rating on PNB stock to Accumulate from Sell, with a target price of Rs 120. The bank's FY25 guidance remains unchanged, and it has obtained board approval for raising funds through QIP, AT-1 bonds, and Tier-II bonds.

  • Banking Stocks Rise, ICICI Direct Research Predicts Positive Bias for Bank Nifty - 26 Jun, 2024

    State Bank of India and other public sector banks including Punjab National Bank rose up to 1% as per ICICI Direct Research's technical report. The Bank Nifty is expected to trade with a positive bias towards 53,000 while private banking stocks are likely to perform better than PSU banks.

  • PNB Demonstrates Strong Financial Performance - 14 Jun, 2024

    Punjab National Bank (PNB) has shown strong financial performance, with steady earnings growth driven by controlled provisions and robust revenue generation. PNB is well-positioned to expand its loan book, focusing on high-yielding RAM segments. Analysts estimate a 44% CAGR in PNB's earnings over FY24-26, reiterating a Neutral rating with a target price of ₹130 based on 1.1x FY26E Adjusted Book Value.

Insights on Punjab National Bank

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 1.34K Cr → 3.34K Cr (in ₹), with an average increase of 26.0% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.82% to 5.51% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 9.67% to 10.57% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, PNB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, PNB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 9 quarters, 21.35K Cr → 32.97K Cr (in ₹), with an average increase of 5.2% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.15% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, PNB stock has moved down by -8.5%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 3.43% to 1.91% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹32,976.47Cr
↑8.02%
Net Income
₹3,342.20Cr
↑37.38%
Net Profit Margin
10.14%
↑27.23%
2024Y/Y Change
Revenue
₹1,23,222.25Cr
↑24.00%
Net Income
₹9,107.20Cr
↑171.98%
Net Profit Margin
7.39%
↑119.29%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹15,63,223.02Cr
↑6.84%
Total Liabilities
₹15,63,223.02Cr
↑6.84%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
-₹27,894.60Cr
↓228.07%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
73.15%
0.00
Foreign Institutions
5.51%
14.45
Mutual Funds
1.91%
-44.27
Retail Investors
10.57%
9.33
Others
8.86%
-0.91

Key Indicators

Punjab National Bank Valuation

Punjab National Bank in the last 5 years

  • Overview

  • Trends

Lowest (-620.83x)

July 8, 2020

Today (14.22x)

July 12, 2024

Industry (17.94x)

July 12, 2024

Highest (59.19x)

February 18, 2021

LowHigh

Earnings and Dividends

  • Punjab National Bank Earnings Results

    Punjab National Bank’s net profit jumped 79.27% since last year same period to ₹3,342.20Cr in the Q4 2023-2024. On a quarterly growth basis, Punjab National Bank has generated 37.38% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Punjab National Bank Dividends May,2024

    In the quarter ending March 2024, Punjab National Bank has declared dividend of ₹1.50 - translating a dividend yield of 1.83%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Punjab National Bank is currently in a Bearish trading position according to technical analysis indicators.

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Punjab National Bank (PNB) share price today is ₹120.93

Punjab National Bank is listed on NSE

Punjab National Bank is listed on BSE

  • Today’s highest price of Punjab National Bank is ₹121.35.
  • Today’s lowest price of Punjab National Bank is ₹117.5.

PE Ratio of Punjab National Bank is 14.22

PE ratio = Punjab National Bank Market price per share / Punjab National Bank Earnings per share

Today’s traded volume of Punjab National Bank(PNB) is 3.27Cr.

Today’s market capitalisation of Punjab National Bank(PNB) is ₹129643.7Cr.

Punjab National Bank(PNBPrice
52 Week High
₹142.9
52 Week Low
₹58.15

Punjab National Bank(PNB) share price is ₹120.93. It is down -15.37% from its 52 Week High price of ₹142.9

Punjab National Bank(PNB) share price is ₹120.93. It is up 107.96% from its 52 Week Low price of ₹58.15

Punjab National Bank(PNBReturns
1 Day Returns
3.19%
1 Month Returns
-8.47%
3 Month Returns
-11.37%
1 Year Returns
88.84%