PUNJAB NATIONAL BANK (PNB) SHARE PRICE TARGET 2023, 2024, 2025 to 2030

As of October 27, 2023, PNB is trading at ₹73.2 with a marketcap of ₹ 80,592 Crore.

Punjab National Bank (PNB) currently has a widespread branch network of approximately 10,925 branches and around 14,000 ATMs throughout India. The majority of its branches are situated in North India, with Punjab alone hosting approximately 1,100 branches. Following the merger with OBC and United Bank of India, PNB’s branch network expanded from 7,041 branches to approximately 11,000 branches. PNB holds the position of being the third-largest PSU in India, following IOB.

As the Indian economy recovers from the pandemic, investors are looking for opportunities in the stock market. PNB, a leading public sector bank in India, has piqued many people’s interests. Despite recent challenges, PNB has demonstrated resilience and is positioned for expansion in the years to come.

In this article, we will look at PNB’s stock price target from 2023 to 2030, analyzing major financial indicators, market dynamics, and experienced professional recommendations to determine whether PNB is a good stock to buy. Whether you’re an experienced investor or a newbie to the market, keep reading to learn about the potential benefits and risks of investing in PNB.

Punjab National Bank Q2 2023 Highlights: Strong Profit Growth and Improved Asset Quality

  • Net profit surges 327% to Rs 1,756 crore
  • Gross non-performing assets (GNPA) decrease to 6.96% from 10.48%
  • Net non-performing assets (NNPA) decline to 1.47% from 3.80%
  • Global business grows by 11.26% YoY to Rs 22,51,631 Crore
  • Global deposits increase by 9.75% YoY to Rs 13,09,910 Crore
  • Global advances rise by 13.43% YoY to Rs 9,41,721 Crore
  • Savings deposits reach Rs 4,71,238 Crore
  • CASA Share (Domestic) at 42.15% in September 2023
  • Strong growth in housing loans (13.7%), vehicle loans (28.3%), and personal loans (39.0%)
  • Total retail business increases by 40.42% YoY
  • Diverse branch network, including rural (39%), semi-urban (24%), urban (20%), and metro (17%) branches, along with international branches, ATMs, and business correspondents.

How to purchase Punjab National Bank shares?

Below are the trading platforms that you can use to purchase Punjab National Bank shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

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Punjab National Bank Share Price Target: 2023 to 2030

PNB Share Price Target 2023

When Maximum Price Minimum Price
November 2023 ₹78.94 ₹71.76
December 2023 ₹81.55 ₹74.13

In 2023, PNB share price targets indicate a fluctuating trend. For November 2023, the projected share price ranges between a minimum of ₹71.76 and a maximum of ₹78.94. In December 2023, investors can anticipate share prices to vary between ₹74.13 and ₹81.55.

This suggests that PNB’s stock price may experience some degree of volatility in the latter part of the year. Investors and market observers will closely monitor economic and financial developments that could influence PNB’s performance and potentially impact its share price in the coming months.

PNB Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹83.21 ₹72.36
February 2024 ₹84.91 ₹73.83
March 2024 ₹86.64 ₹75.34
April 2024 ₹84.12 ₹73.15
May 2024 ₹82.87 ₹72.07
June 2024 ₹85.86 ₹74.66
July 2024 ₹85.00 ₹73.91
August 2024 ₹88.40 ₹76.87
September 2024 ₹91.94 ₹79.94
October 2024 ₹90.13 ₹78.38
November 2024 ₹92.84 ₹80.73
December 2024 ₹95.16 ₹82.75

The maximum share price target of PNB for 2024 is ₹95.16 in December 2024, whereas the minimum share price target is ₹72.07 in May 2024. Overall, the trend appears to be bullish, with a positive growth percentage predicted each month.

Investors can expect a potential increase in the value of their PNB shares if they invest in 2024.

PNB Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹97.06 ₹74.66
February 2025 ₹99.55 ₹76.58
March 2025 ₹103.43 ₹79.56
April 2025 ₹101.40 ₹78.00
May 2025 ₹98.45 ₹75.73
June 2025 ₹102.88 ₹79.14
July 2025 ₹100.86 ₹77.59
August 2025 ₹103.98 ₹79.99
September 2025 ₹107.62 ₹82.79
October 2025 ₹110.42 ₹84.94
November 2025 ₹113.18 ₹87.06
December 2025 ₹116.01 ₹89.24

The maximum share price target for Punjab National Bank in 2025 is ₹116.01, expected to be reached in December 2025. On the other hand, the minimum share price target is ₹74.66, anticipated in January 2025.

The data shows a bullish trend for PNB shares in 2025, with a positive growth percentage predicted for most months. This suggests potential for investors to consider PNB shares for potential returns.

PNB Share Price Target 2026 to 2030

Year Maximum Price Minimum Price
2026 ₹121.81 ₹85.27
2027 ₹133.99 ₹93.79
2028 ₹187.59 ₹93.79
2029 ₹162.42 ₹81.21
2030 ₹211.14 ₹147.80

The share price targets for Punjab National Bank (PNB) from 2026 to 2030 reflect a generally optimistic outlook for investors. In 2026, the share price is projected to range between a maximum of ₹121.81 and a minimum of ₹85.27, indicating potential for growth. The following years continue to show a positive trend, with 2027 seeing a maximum target of ₹133.99 and a minimum of ₹93.79. In 2028, the projected share price ranges from ₹187.59 to ₹93.79, indicating substantial potential for investors

. Subsequent years, 2029 and 2030, also display positive growth, with a maximum target of ₹162.42 and ₹211.14, respectively, underlining an encouraging outlook for PNB shares. Investors may find these predictions attractive, although market conditions can influence actual outcomes.

Financial Condition of Punjab National Bank: Last 5 years

Year Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Revenue 52,147 54,918 81,935 76,242 86,845
Interest 34,656 36,997 50,805 46,823 51,817
Expenses 39,645 25,867 38,601 36,026 41,502
Financing Profit -22,153 -7,946 -7,470 -6,607 -6,473
Financing Margin % -42% -14% -9% -9% -7%
Other Income 7,367 9,388 12,777 12,329 12,529
Depreciation 584 614 982 896 905
Profit before tax -15,370 827 4,325 4,826 5,151
Tax % 35% 56% 38% 19% 35%
Net Profit -9,550 485 2,695 3,908 3,359

Punjab National Bank (PNB) has shown varying financial performance over the past five years.

The consolidated revenue increased from Rs. 52,147 crores in March 2019 to Rs. 86,845 crores in March 2023, reflecting substantial growth. However, the bank faced challenges with rising interest expenses and fluctuating financing profits. While the financing margin improved from -42% in March 2019 to -7% in March 2023, PNB had to manage its expenses and navigate through a volatile market. Despite these challenges, PNB recorded positive net profits, albeit with fluctuations, reaching Rs. 3,359 crores in March 2023. The bank continues to adapt and strive for stability and growth in the face of a dynamic financial landscape.

Punjab National Bank share price target by Experts

Motilal Oswal on Punjab National Bank share price target

Motilal Oswal has reaffirmed its “neutral” position on the stock and set a target price of Rs 75 per share.

Jefferies on Punjab National Bank share price target

Jefferies has retained its “hold” rating on the stock, with a target price set at Rs 77 per share.

CLSA on Punjab National Bank share price target

The global brokerage firm CLSA has upgraded its rating on the stock to “outperform” and increased the target price to Rs 80 per share.

FAQS

What is the current share price of Punjab National Bank?

The current share price of Punjab National Bank as of October 27, 2023, is approximately 73.2 INR.

What was the highest share price of Punjab National Bank in the past 5 years?

The highest share price of Punjab National Bank in the past 5 years was 95.5 INR on 29th March, 2019.

What was the lowest share price of Punjab National Bank in the past 5 years?

The lowest share price of Punjab National Bank in the past 5 years was 26.65 INR (22nd May 2020).

What is the projected share price target for Punjab National Bank in 2023?

The projected share price target for Punjab National Bank in 2023 is approximately ₹81.55 INR.

What is the projected share price target for Punjab National Bank in 2024?

The projected share price target for Punjab National Bank in 2024 is approximately ₹95.16 INR.

What is the projected share price target for Punjab National Bank in 2025?

The projected share price target for Punjab National Bank in 2025 is approximately ₹116.01 INR.

What is PNB’s share price target for 2030?

In 2030, PNB could be trading in between ₹211.14 and ₹147.80.

Can Punjab National Bank shares reach 500 INR by 2025?

It is unlikely that Punjab National Bank shares will reach 500 INR by 2025 based on current projections and historical data.

What factors could affect the share price of Punjab National Bank in the coming years?

Factors such as economic conditions, industry trends, company performance, and government policies could affect the share price of Punjab National Bank in the coming years.

Is Punjab National Bank a good stock to buy for long-term investment?

Punjab National Bank has shown steady growth in the past few years and has a strong presence in the banking industry.

What is the recommendation for investing in Punjab National Bank shares?

The recommendation for investing in Punjab National Bank shares is to consult with a financial advisor and conduct thorough research and analysis before making any investment decisions.

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Conclusion

Based on the financial data of the last five years and recommendations by various brokerage firms, Punjab National Bank (PNB) has shown a mixed performance.

PNB experienced fluctuations in its revenue, interest expenses, and profitability during this period. While revenue has shown growth over time, interest expenses have also increased, impacting the company’s profitability.

Looking ahead, PNB’s share price target projections from 2023 to 2030 appear promising. With a maximum share price of Rs. 389.27 expected in 2030, investors could see a more than 500% increase from current levels.

Disclaimer: We personally hold PNB shares in our portfolio in a very small amount, and this is not a financial advice. Please consult a SEBI approved financial advisor before investing.

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Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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