PNB shares jump after Q2 profit beats estimates
In short
Punjab National Bank shares rose on Monday after the bank said its Q2FY27 net profit climbed 13% year on year to Rs 5,532 crore. Brokers Jefferies, Motilal Oswal and JM Financial each set a target price of Rs 140.
The result looked better than expected and helped the stock move higher. The report says net interest income and asset quality improved, but it does not give more detail.
What the reporting says
Punjab National Bank shares rose on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. The publisher summary says stronger net interest income and improving asset quality supported the result, and Jefferies, Motilal Oswal and JM Financial lifted target prices to Rs 140. The immediate market reaction was a sharp share-price gain, while the source does not give full report details.
Why it matters
Punjab National Bank reported Q2FY27 net profit of Rs 5,532 crore, up 13% from a year earlier, and the stock rose after the update. The summary links the move to stronger net interest income and improving asset quality. Jefferies, Motilal Oswal and JM Financial all raised target prices to Rs 140. The reporting does not say how long the move will last or whether management issued new guidance.