PNB’s (Punjab National Bank) share price crashed several times before some years ago due to many scams in the Bank. But now, the PNB bank is very stable and giving good returns to their investors. In 2023 – 2024 almost all the banks have given good returns and PNB is one of them. If you invested in PNB or planning to invest the prediction of PNB share price target for 2024, 2025, and 2026 may help you to under the stock.
After a lot of struggle and good services, the PNB is one of the top banks in the PSU. Most probably we can see the Punjab National Bank in the second or first position in the upcoming few years.
in recent quarters, the FIIs and DIIs also increased their position in the PNB stock, which suggests they are also bullish on the stock. But the increase in their position is slow so, do not expect a good movement in the short term.
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About Punjab National Bank
Pubjab Bantion Bank was founded in 1894 and currently, its managing director is Mr. Atul Goel. It is a Public sector bank (PSU) based in India. As of August 13, the market cap of Punjab National Bank is R. 67,442 Cr.
As of now, PSU (Public sector undertaking) bank is growing very rapidly. In those banks, the Punjab National Bank is also given good returns. In the last 1 year, the bank has almost given 170% returns and still going up.
Currently, Punjab National Bank provides many banking services like corporate banking, agriculture banking, retail banking, NRI services, treasury-related services, digital banking, and many more which can be found on their official website in more detail.
Company Fundamentals
For long-term investing and checking the quality of the stock the fundamental analysis is always considered. Hope you know there are a lot of experts who always keep an eye on company fundamentals to analyze the stock for long-term inventing.
Most retail investors do not check company fundamentals and as a result, they face a huge loss on their investing. A major reason behind the mistake is that they think understanding and reading a company’s fundamentals is very tough.
In case you don’t know how to read a company’s fundamental data to know which company is best in a particular industry, from the below video, you can learn a lot about reading and understanding the company’s fundamental data.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 06 Feb 2024.
Profit Growth (Last 5 Years)
| Year | Profits (In Crore) |
|---|---|
| March 2019 | -₹10,026 |
| March 2020 | ₹363 |
| March 2021 | ₹2,695 |
| March 2022 | ₹3,908 |
| March 2023 | ₹3,359 |
Quarterly Results (Profits)
| Quarter | Profit (In Crore) |
|---|---|
| Dec 2022 | ₹660 |
| Mar 2023 | ₹1,741 |
| Jun 2023 | ₹1,211 |
| Sep 2023 | ₹1,765 |
| Dec 2023 | ₹2,253 |
Company Essentials
| Market Cap | ₹1,33,949Cr | ROE | 7.80% |
| P/E Ratio (TTM) | 17.55 | EPS (TTM) | 6.93 |
| P/B Ratio | 1.37 | Div Yield | 0.53% |
| Industry P/E | 13.82 | Book Value | 88.80 |
| Debt to Equity | NA | Face Value | 2 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 3.1% |
| DII | 13.74% |
| Public | 10% |
| Promoters | 73.15% |
| Other Holders | 0.0% |
Key Points
- PNB stock is trading at a very expensive valuation.
- Net profit of the Punjab National Bank has grown very rapidly over the last 5 years. In 2019, the net loss of the bank was near Rs. -10,026 Cr but now in 2023, the profit is Rs. 3,359 Crore.
- The average ROE of the last 3 years is 3.22% which is very low.
Quarterly Profits
In the Dec 2023 Quarter, while the other private and govt banks were making a loss some banks made a good profit in the quarter. In the quarter, the PNB has shown a profit of Rs. 2,253 Crore which is much higher than the profit of the last 5 quarters.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
PNB Share Price Target
As of now, the PNB (Punjab National Bank) stock is very bullish and very close to its 52-week high as the stock breaks its 52-week high almost every week for the last few weeks. Investing in the stock as of now and at this level can be very risky as there is also a very high chance of profit bookings.
From the valuation viewpoint, the stock is already very expensive and still very bullish. The PE of the PNB stock also suggests the same thing that you should avoid buying at this level if you are planning to invest in the stock for the long term.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
PNB Share Price Target 2024
For the short term, there can be a good trade on the bull side but the risk is also very high in the trade. On 2 Feb 2024, the stock made a new all-time high. Once the stock breaks the high of the candle then you can plan a trade.
The SL of the trade is Rs. 119. So, it is a very small SL as you have to take entry on Rs. 128.30. If you think the SL is very big then you should play with less quantity in the trade so, that you will not miss the opportunity.
Note: The trade is valid for a few days. So, if you are viewing the post a few weeks later then you should not plan any trade.
PNB Share Price Target 2025 and 2026
From the last 7 to 8 quarters the net profit of the PNB stock is going up but on the other side, there are many private and PSU banks like HDFC Bank, SBI Bank, etc. shown less profit. As a result, many banking stocks like HDFC Bank crashed very badly by 8% in just one day.
Yearly, the PNB is making a good profit almost every year and the good thing is that most of the time, the profit of the current year is higher than its profit of the previous year. It suggests the bank is growing very rapidly.
But you should not plan for investing in PNB in bulk as the stock is near its 52-week high. There are chance of correction of at least 10% in the next few months that can happen during profit booking.
We also recommend to you become planning any investments in any stock of any sector make sure you understand the sector and the stocks too.
FAQs
Most probably yes, as the bank stock price is recovering slowly. But it does not mean it will recover very soon or in the upcoming years. It will depend on its services and the revenue and profit growth in the bank. In the banking sector, there is already tough competition.
The long-term price target can not be predicated as of now because with time new things will come like price action, news, revenue growth, etc. So, invest in the stock at the right price keep the stock on your radar, and keep training news and price action.
According to the current price action, news, and targets by the experts, the stock price target for 2025 is Rs. 150 to Rs. 170.
Final Words: After falling for a few years due to a scam in the bank. The stock is now recovering and has given a good return in the last 1 year. According to the current price action, the looks very bullish and you can check the PNB share price target for 2024, 2025, and 2026 above. Do not forget to follow the investing, risk management, and money management rules while investing in the stock market.