PNB Share Price Target 2026: Shares of Punjab National Bank came into focus after the bank released its Q4 business update last week. Following the announcement, brokerage firm Morgan Stanley reviewed the performance and maintained a cautious outlook on the stock.
Domestic business also saw healthy traction, growing nearly 10 per cent YoY to Rs 28.45 lakh crore from Rs 25.77 lakh crore.
On the deposits front, total deposits increased 9.25 per cent YoY and 3.08 per cent sequentially to Rs 17.11 lakh crore. Domestic deposits grew 9.14 per cent YoY and 3.26 per cent QoQ to Rs 16.49 lakh crore. Additionally, the bank reported a 13 per cent year-on-year rise in global advances, indicating steady credit growth.
Morgan Stanley on PNB, PNB Stock Price Target
Despite these positive operational metrics, Morgan Stanley has retained a cautious stance, citing concerns that could limit upside potential. The brokerage sees a downside risk of around 4.5 per cent in the stock.
The brokerage noted that PNB’s loan growth moderated on a sequential basis, expanding by approximately 2.5 per cent quarter-on-quarter. However, on a year-on-year basis, momentum showed improvement at around 13 per cent, suggesting a slow but steady acceleration in credit growth.
On the liabilities side, deposit growth remained relatively stronger. Deposits rose by about 3.1 per cent sequentially and 9.2 per cent annually, indicating improving funding stability for the bank. This strengthening deposit base has also contributed to a moderation in the loan-to-deposit (LDR) ratio, which eased to nearly 72.5 per cent, reflecting a more comfortable liquidity position.
Despite these positives, Morgan Stanley cautioned that overall growth trends remain uneven, although the bank’s balance sheet quality appears to be improving.
PNB Share Price
As of 10:35 am, shares of Punjab National Bank ticked up by 0.1 per cent, or Rs 0.05, to trade at Rs 104.55. The company’s market capitalisation currently stands at Rs 1,20,158.72 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
