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HomeSHARE MARKET₹105 Share, Government Holding 73%; Very Positive Chart, Target ₹128 And ₹152

₹105 Share, Government Holding 73%; Very Positive Chart, Target ₹128 And ₹152

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Punjab National Bank (NSE: PNB): Punjab National Bank (PNB) has announced its results of the third quarter. The bank which is a government institution has earned three times its profit from the quarter ending December.

In the current situation, PNB shares have risen by 22% to Rs 105.80.

According to analysts of the stock market, PNB share price is at a crossroads in the Rs105-R106 range and once it has cleared this barrier, the PSU shares could rise to at least Rs128 shortly.

December Quarter Results

The profit of PNB for the 3rd quarter(October-December) in the current fiscal year 2023-24 has nearly tripled to Rs. 2,223 crore. 

PNB made a profit of 629 crore during the same timeframe of the previous budget year of 2022-23. 

In the report to the stock market, PNB stated that its earnings total during the quarter grew to 29,962 crore.

This was a significant increase from more than the same period of the previous year’s financial year.

The bank’s interest earnings grew by Rs 27,289 crore over the quarter. It was 23,384 crore during the 3rd quarter of the previous financial year.

In this quarter the net NPA (NPA) that the lender has fell by 6.24 percent. In the same time frame from the previous fiscal year, they posted 9.76 percent.

In the same way, the Net NPA at the Bank fell by 3.30 percent from 3.30 percent to 0.96 percent.

What Is The Broker’s View?

If there is a further increase in PNB price per share, a financial expert said that PNB shares are looking positive in the chart pattern and have established a solid base at Rs 98 for each share. 

However, the PSU stock is currently facing several obstacles within the range of Rs105-R106. However, if breaking this resistance based on closing, the PNB value could rise to around Rs128-152 in the future. 

This is why PNB shareholders are advised to keep the shares at Rs98 per share, with the strictest Stop loss.

In a letter to those who are new to investing, the company’s chief executive officer stated, “New investors should go to short-term positions between Rs115 and Rs120. One should continue to use the buy-on-dips approach with a Stop loss of Rs98 as your target.”

About PNB Company

Punjab National Bank was established in 1894 and today operates one of India’s most extensive commercial banking networks with 10,528 domestic branches and 13,506 ATMs across India as well as overseas branches in London, Dubai and Yangon.

Punjab National Bank operates as a banking company and offers personal banking products and services such as savings accounts, current accounts, fixed deposit schemes, nomination facilities, credit and debit cards, and various credit schemes covering housing loans, car finance, two-wheeler finance, professional and education loans and reverse mortgage loans.

Furthermore, corporate banking products and services include unsecured credit lines, cash management services, gold coin business, bullion business, and EXIM financing products.

Fundamental Analysis of PNB

Market Cap₹ 1,15,065 Cr.
Current Price₹ 105.80
52-wk High₹ 108
52-wk Low₹ 44.4
Stock P/E15.1
Book Value₹ 93.4
Dividend0.62 %
ROCE4.10 %
ROE3.34 %
Face Value₹ 2.00
P/B Value1.12
OPM60.4 %
EPS₹ 6.93
Debt₹ 13,60,496 Cr.
Debt to Equity13.2

Punjab National Bank (PNB) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹135₹155
2025₹165₹179
2026₹189₹209
2027₹235₹315
2028₹386₹432
2029₹450₹510
2030₹553₹587
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PNB Shareholding Pattern

Promoters Holding
Dec 202273.15%
Mar 202373.15%
June 202373.15%
Sept 202373.15%
Dec 202373.15%
FII Holding
Dec 20221.71%
Mar 20231.71%
June 20231.82%
Sept 20232.65%
Dec 20233.10%
DII Holding
Dec 202212.98%
Mar 202313.53%
June 202313.44%
Sept 202313.80%
Dec 202313.74%
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Govt. Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Public Holding
Dec 202212.16%
Mar 202311.61%
June 202311.57%
Sept 202310.41%
Dec 202310.00%

Punjab National Bank (PNB) Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹52,147 Cr
2020₹54,918 Cr
2021₹81,935 Cr
2022₹76,242 Cr
2023₹104,688 Cr
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Last 5 Years’ Net Profit:

2019₹-9,550 Cr
2020₹485 Cr
2021₹2,695 Cr
2022₹3,908 Cr
2023₹7,670 Cr

Last 10 Years’ Profit Growth:

10 Years:-4%
5 Years:18%
3 Years:97%
Current Year:321%

Last 10 years’ Return on Equity (ROE):

10 Years:-1%
5 Years:0%
3 Years:4%
Last Year:3%

Last 10 Years’ Sales Growth:

10 Years:7%
5 Years:12%
3 Years:17%
Current Year:28%

Conclusion

This article is a complete guide about Punjab National Bank (PNB) Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Expert Advice To Buy ₹119 Government Share For 3 Months; Target-stop Loss Details

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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