Punjab National Bank Share Price Today:
As of February 6, 2024, the share price of Punjab National Bank (PNB) is Rs 118.85 on the BSE and Rs 104.50 on the NSE. The market capitalization of PNB is Rs 1,15,186 crore. The stock has been recommended as a buy by Sharekhan with a target price of Rs 122 and as neutral by Motilal Oswal with a target price of Rs 100.PNB Share Price Today: On the last day, the open price of PNB (Punjab National Bank) was ₹115.15, while the close price was ₹114.46. The stock had a high of ₹119.6 and a low of ₹113.7. The market capitalization of PNB is ₹130,865.92 crore. The 52-week high for the stock is ₹114.95, and the 52-week low is ₹44.41. The BSE volume for PNB shares was 9,343,717.
Revenue Growth & Earning Growth of PNB:
Punjab National Bank (PNB) has shown significant growth in its earnings and revenue. In the first nine months of 2023, PNB reported a consolidated net income of P13.5 billion, reflecting a 19% increase compared to the same period in the previous year. The bank’s net interest income also rose by 23% to P33.0 billion, driven by higher loan volumes and improving net interest margin.
- PNB’s earnings and revenue have grown significantly.
- In the first nine months of 2023, consolidated net income rose by 19% to P13.5 billion.
- Net interest income increased by 23% to P33.0 billion.
- Net interest income grew by 12.13% year-on-year to Rs 10,293 crore.
- Average earnings growth over the past five years: 16.8%.
- Recent year’s earnings growth was negative.
- Reported return on equity (ROE): 7.4%.
- Net profit margins slightly decreased from the previous year
P/E and P/B Ratio of PNB Share:
| Metric | Value |
|---|---|
| P/E Ratio (NSE) | 19.5 |
| P/B Ratio | 1.22 |
The Price-to-earnings (P/E) ratio of Punjab National Bank (PNB) on the NSE is approximately 19.5
The P/E ratio is a financial metric used to compare a company’s market price to its earnings per share. It is calculated as the share price divided by the earnings per share. In the case of PNB, the P/E ratio of 19.5 indicates the market’s valuation of the company’s stock relative to its earnings.
The Price-to-book (P/B) ratio of PNB is around 1.22
The P/B ratio is a financial metric that compares a company’s market value to its book value, calculated as the market capitalization divided by the net book value. For banks, the P/B ratio is considered more relevant than the P/E ratio in assessing their financial strength and asset quality.
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Punjab National Bank NSE & BSE
PNB Share Price NSE Live:
As of February 6, 2024, the live share price of Punjab National Bank (PNB) on the National Stock Exchange (NSE) is Rs 118.85
The share price of PNB is also available on other financial platforms like Groww, Business Today, and Ticker
The market capitalization of PNB is approximately Rs 1,20,284 crore, and the bank’s price-to-book (P/B) ratio is around 1.23.
PNB Share Price BSE Live:
The live share price of Punjab National Bank (PNB) on the Bombay Stock Exchange (BSE) is currently around Rs 108.20
Additionally, the share price of PNB on the BSE is available on various financial platforms such as Business Today, Moneycontrol, and Groww
The market capitalization of PNB is approximately Rs 1,20,284 crore, and the bank’s price-to-book (P/B) ratio is around 1.23
Price Prediction of PNB Share:
The price prediction for Punjab National Bank (PNB) shares varies based on different analyses and tools. According to the provided search results, the share price target for PNB using the 5-Day SMA is forecasted to be around Rs. 103.51, and the target as per the 9 SMA is around Rs. 97.21 for the next trading day. Additionally, the share price prediction for PNB using advanced machine learning indicates a bullish trend for the next trading day, with the price expected to be above an important level of Rs. 106.47. Another source suggests a stock price target for PNB in the range of Rs. 116.28 on the downside to Rs. 122.23 on the upside.
It’s important to note that these predictions are based on various technical and machine learning analyses, and they may not always be accurate. Investors should consider multiple factors, including fundamental analysis, market conditions, and their investment goals, before making any investment decisions.
Profitability of PNB Share:
| Metric | Value |
|---|---|
| NII (3QFY24) | Rs 102.9bn (up by 12.1% YoY, 3.7% QoQ) |
| Reported Global NIM | 3.15% (up by 4bps QoQ) |
| PPoP | Rs 63.3bn (up by 10.8% YoY, 1.8% QoQ) |
| Other Income | Declined by 11.7% QoQ |
| PAT | Rs 22.2bn (up 253.5% YoY, 26.6% QoQ) |
| RoA | Improved to 0.58% |
| P/E Ratio | Approximately 2.06 (as of Feb 1, 2024) |
| Historical Stock Performances | |
| 5-year CAGR | Positive return of over 58% |
| 10-year CAGR | Negative return of over -54% |
| 15-year CAGR | A negative return of over -44% |
In summary, PNB has demonstrated a significant improvement in its profitability, as evidenced by the substantial surge in net profit and net interest income. However, the bank’s historical stock performance indicates a mixed profitability trend over different time frames, with both positive and negative returns.
Financial Research Report on Punjab National Bank
Financial Research Report on Punjab National Bank:
- Strong beat on PAT at Rs22bn (Emkay est.: Rs19.2bn) due to contained staff cost and lower provisions.
- Margin expanded by 4bps QoQ to 3.15% due to better LDR and interest recognition on NPA recoveries.
- Asset quality improving, fresh slippage run-rate at a decadal low of 0.9%, NNPA at ~1% of loans.
- Expected sharp reduction in LLP.
- Operates on the old-tax regime; migration to the new regime could boost profitability.
- Raised FY24E/FY25/FY26E earnings estimates by 15-40%.
- Expecting 0.5-1% RoA and 8-14% RoE.
Punjab National Bank (PNB) Q3 Review
- Net profit surged to Rs 2,223 crore, up significantly from Rs 629 crore a year ago.
- Net interest income slightly decreased to Rs 8,313 crore, with increased provisions for bad loans causing a 44% decline in net profit.
- PNB’s share price: BSE Rs 118.85, NSE Rs 104.50. Analysts had mixed expectations.
- Market capitalization is approximately Rs 1,20,284 crore; P/B ratio around 1.23.
- Total income for the quarter: Rs 29,962 crore; Capital Adequacy Ratio: 15.50%.
- PAT grew 253.5% YoY, driven by loan growth of 12.9% YoY and NIM expansion to 3.15%.
- Despite provisions (e.g., AS-15), stable QoQ staff costs, are down 6.5% YoY.
- Earnings estimates raised for FY24E/FY25E, but RoA/RoE projections remain lower.
- The target price was revised to Rs 95, reflecting a downside of 9%; the rating was downgraded from ‘ACCUMULATE’ to ‘SELL’.
Past 5 Years Data of PNB Share
| Metric | Value |
|---|---|
| All-time High (Nov 9, 2010) | ₹279.98 |
| Highest Share Price (Last 15 Years) | ₹279 |
| Lowest Share Price (Last 15 Years) | ₹26.30 |
| Share Price (2024) | ₹102.20 |
| Return (2019-2024) | Positive return of over 58%, CAGR of 9.6% |
| Investment Growth (2019-2024) | ₹10,000 to ₹15,881 (58% return) |
| Net Interest Income Growth (9M 2023) | 23% increase to P33.0 billion |
| Consolidated Net Income (9M 2023) | P13.5 billion, a 19% increase compared to last year |
Analyst Future Growth of PNB:
The future growth of PNB shares is subject to varying analyst predictions and forecasts. According to Simply Wall St, PNB’s earnings are forecast to decline over the next three years, with a negative growth rate of 2.4% per year. However, the revenue is expected to grow faster than the Philippine market, with a growth rate of 9.1% per year.
On the other hand, Punjab National Bank is forecast to grow earnings and revenue by 32.4% and 19.1% per annum, respectively, according to Simply Wall St
Additionally, analysts have priced in a 14% upside for PNB shares post-Q2 earnings
It is important to note that these predictions are based on various analyses and may not always be accurate. Investors should consider multiple factors, including fundamental analysis, market conditions, and their investment goals, before making any investment decisions.
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Positive and Negative Aspects of PNB Share:
Positive Aspects of PNB Shares:
- A significant surge in net profit and net interest income in the latest quarter, indicating improved profitability.
- Well-developed deposit base, increasing by 14.18% YoY in Q1FY24.
- Good Capital Adequacy Ratio of 15.5%.
- Positive trend in share price, up by close to 65% in the past year.
Negative Aspects of PNB Shares:
- Drastic dip in return on assets in FY23, raising concerns about management efficiency.
- Macroeconomic uncertainties, such as recession fears in the West, may impact borrower credit servicing ability.
- Mixed historical stock performance, showing both positive and negative returns over different time frames.
Conclusion, Punjab National Bank (PNB) has shown promising signs of growth in its earnings and revenue, with a significant surge in net profit and net interest income in the first nine months of 2023. However, there are mixed sentiments regarding its future outlook and stock performance.
Positive aspects of PNB shares include the notable improvement in profitability, a well-established deposit base, a healthy Capital Adequacy Ratio, and a positive trend in share price over the past year.