Punjab national bank started its operations from Lahore on April 12, 1895, with a working capital of ₹20,000. The stock price of PNB in 2002, when it first got listed on NSE was ₹8. Later the stock made a high of ₹280 in the year 2010 following the boom in the banking sector. But due to rising competition, increasing compliance by RBI and changing business models, it became difficult for banks to generate enough profits. Looking forward to 2023, the Banking sector in India has started to pick up momentum. Banknifty Index is trading at all time high levels. So the question arises – Is it a good time to invest in PNB? and what can be PNB Share price target 2023, 2024, 2025 and up to 2030?
The Indian banking sector is strong compared to that of other countries. When major banks like Credit Suisse and Silicon Valley failed, our Indian banks were relatively stable. The government further supports the banking sector by launching schemes such as Pradhan Mantri Jan Dhan Yojana. This scheme will help increase the number of bank accounts and will also provide the public with facilities like credit, insurance and pensions. In this post we will check Financial and technical performance of Punjab national Bank (PNB). If you want to know daily share price targets for PNB check out PNB Share price for tomorrow page.
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About PNB - Company details
Punjab National Bank (PNB) is a well-known bank in India that provides various financial services to individuals, businesses, and institutions. It has a long history and is recognized for its presence in the banking industry. PNB offers various products and services, like savings accounts, loans, credit cards, and investment options. PNB also has a vast network of branches and ATMs across the country. Company website – pnbindia.in
PNB Share price target 2023
PNB’s book value per share has shown a gradual increase from March 2019 to March 2023. This shows us that the company’s net worth is growing over time. This means that the company’s assets are growing compared to its liabilities which is a good sign. If we check the technicals, the stock took support at ₹50 and now making higher highs on daily time frame. It is now trading above the 50% level, which indicates strength. PNB share price target for 2023 can be ₹54
PNB Share price target 2024
Punjab national bank’s operating revenue per share has shown some fluctuations. It decreased from 111.45 in March 2019 to 77.33 in March 2023, which indicates a decline in operating revenue. In order to increase operating revenue, the bank will have to put in some effort as it is a long term process.
To grow revenue, the company will have to work on acquiring new customers and retaining old customers. The Bank also have to diversify its revenue streams beyond traditional banking activities. This involves expanding into areas such as wealth management, insurance services, investment banking. Investors, as we all know how fast the digital payment systems in India is growing, it becomes important for the banks to expand their presence in digital banking platforms. PNB Share Price target for 2024 can be ₹83. Our second target will be ₹87 levels. From these levels, we can see a retracement downside as level 87 is a Gann level as well as 78% retracement level.
Punjab National Bank Share price target 2025
Public sector banks will play an important role in order to make India a $5 trillion economy by year 2025. Check this statement by Finance Minister nirmala sitharaman “The continuous efforts of our govt for reducing the NPAs & further strengthening the health of PSBs are now showing tangible results. All 12 PSBs declared net profit of ₹25,685 cr in Q2FY23 & total ₹40,991 cr in H1FY23, up by 50% & 31.6%, respectively (y-o-y).”
All these has been possible because of Governments strategy towards NPA’s. NPA refers to Non Performing Assets. There are loads or credits from which bank are not able generate money. This happens when the borrowers fail to pay the interest amount or principal amount back to the bank within 3 months. In order to fix this, Government has introduced a 4R strategy to help reduce the burden for banks. You can read more about Comprehensive steps taken by the Central Government under the 4R’s strategy to reduce NPAs of Public Sector Banks.
All these steps brings us to conclusion that the future of PSBs is bright in India. PNB share price target for 2025 can be ₹113 as our first target and ₹135 as our second target. When the share crosses ₹100 level, it will act as a strong support.
PNB Share price target upto 2030
| Year | PNB Share Price 1st Target (Rs) | PNB Share Price 2nd Target (Rs) |
|---|---|---|
| 2023 | 54 | 68 |
| 2024 | 75 | 83 |
| 2025 | 97 | 113 |
| 2026 | 123 | 135 |
| 2027 | 178 | 198 |
| 2028 | 230 | 257 |
| 2029 | 279 | 285 |
| 2030 | 327 | 350 |
Based on the financial data it appears that PNB has faced some challenges in terms of declining earnings, lower operating revenue, and decreasing profitability. However, there are also some positive aspects, like increasing book value per share and the CASA ratio. It is important to note that these PNB share price target are based on historical data, and future expectations will depend on various factors, including the bank’s strategies, industry trends, and economic conditions.
PNB Promoters and Pledge percent
| DATE | PROMOTER % | PLEDGE % |
|---|---|---|
| Mar 2023 | 73.15 | 0 |
| Dec 2022 | 73.15 | 0 |
| Sep 2022 | 73.15 | 0 |
| Jun 2022 | 73.15 | 0 |
| Mar 2022 | 73.15 | 0 |
FAQ
Why PNB stock is cheap?
PNB has declined almost 80% from its all time high level of 280. This is why the stock is cheap right now at ₹50.
What is 52W high and 52W low of PNB?
Punjab National Bank (PNB) has 52 Week high of 62 and its 52Week lowis 28.05
In which index is PNB Present?
PNB is present in 31 indices including Banknifty, NiftyJr, NiftyMidcap, Nifty100Weight, Nifty100, Nifty500, NiftyMidCap100 and so on.
Support and Resistance Levels of PNB (Gann levels)
| Resistance 1 | Resistance 2 | Resistance 3 | Resistance 4 | Resistance 5 |
|---|---|---|---|---|
| 52.56 | 54.39 | 56.25 | 58.14 | 60.06 |
| Support 1 | Support 2 | Support 3 | Support 4 | Support 5 |
|---|---|---|---|---|
| 47.26 | 45.56 | 43.89 | 42.25 | 40.64 |
