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The Economic Times

Debaroti Adhikary

PNB shares jump 6% as Q1 profit soars 214%, beats Street estimates. What next?

PNB JM Financial Motilal Oswal Punjab National Bank

Shares of Punjab National Bank (PNB) jumped nearly 6% on Monday after the public lender reported a 214% YoY surge in Q1FY27 net profit to Rs 5,253 crore, prompting brokerages to raise their ratings and target prices.

PNB shares surged to Rs 111.68 apiece, the highest level seen by the stock since early May this year. The bank on Saturday released its Q1 results, showing a 2% YoY rise in net interest income (NII) to Rs 10,798 crore.

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