SMC Global Securities said that Punjab National Bank has achieved strong business growth and improved asset quality in Q4FY25, reflecting consistency, continuity, and long-term resilience.
PNB Q4 review: Nirmal Bang said PNB's Q4 profit was supported by robust growth in other income, advances and deposits. NIMs declined, owing to a fall in yield on advances.
An analyst from Axis Securities said that PNB has been consolidating within Rs 105-85 over the past 3-5 months, representing a short—to medium-term sideways trend.
An analyst from Arihant Capital is observing that prices of PNB have taken support at Rs 94 level after a prolonged downtrend and are in making higher highs on the daily chart.
An analyst from Master Capital said that prices of TVS Motor have posted a healthy correctional fall of around 20 per cent from its all-time high, finding firm support near the 200-day EMA.
PNB stock: Due to the bank surpassing its earlier guidance and being on the path to better RoAs, Nirmal Bang has turned positive on the PNB stock, upgrading it to ‘Buy’ from ‘Hold’ earlier.
PNB said the bank is committed for amicable resolution of the matter and is in discussion with the government of Karnataka. SBI also said that it remains in ongoing discussions with the Karnataka government to resolve the issue amicably.
PNB's Q1 results were characterized by a sharp decline in provisions, said MOFSL. NII broadly stood in line with expectations while NIM contracted marginally, it said.
Retail investors bought additional shares of BDL, Canara Bank, HAL and The Jammu & Kashmir Bank. They trimmed stakes in Rashtriya Chemicals and Fertilizers Ltd (RCF), HUDCO and Ircon International Ltd.
Punjab National Bank: The PSU bank stock fell 5.18 per cent to hit a low of Rs 117.90 on BSE. It eventually settled the day at Rs 119.20, down 4.14 per cent.
PNB shares are up 61 per cent in the past six months. Nirmal Bang Institutional Equities and Kotak Institutional Equities maintained 'Sell' rating on the stock, citing a recent sharp rally .