PUNJAB NATIONAL BANK SHARE PRICE TARGET 2024, 2025 to 2030

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 2024 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.

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: 2024 to 2030

PNB Share Price Target 2024

When Maximum Price Minimum Price
May 2024 135.00 117.39
June 2024 139.86 121.62
July 2024 138.46 120.40
August 2024 144.00 125.22
September 2024 149.76 130.23
October 2024 146.82 127.67
November 2024 151.23 131.50
December 2024 155.01 134.79

In 2024, Punjab National Bank’s (PNB) share price outlook shows a promising trajectory. Forecasted share prices for May to December range from a low of ₹117.39 to a high of ₹155.01. These projections suggest potential growth, aligning with a bullish market sentiment.

PNB’s current market capitalization stands at ₹1,37,748 Cr., with a stock price of ₹125 as of May 8th, 2024, and a 52-week range of ₹143 to ₹47.9. The stock’s P/E ratio of 18.1 reflects reasonable valuation amidst anticipated price gains.

PNB Share Price Target 2025

When Maximum Price Minimum Price
January 2025 158.11 121.62
February 2025 162.16 124.74
March 2025 168.49 129.61
April 2025 165.18 127.06
May 2025 160.37 123.36
June 2025 167.59 128.91
July 2025 164.30 126.39
August 2025 169.38 130.30
September 2025 175.31 134.86
October 2025 179.87 138.36
November 2025 184.37 141.82
December 2025 188.98 145.37

In 2025, Punjab National Bank’s share price is projected to rise steadily, reaching a maximum target of ₹188.98 by December and a minimum of ₹121.62 in January.

PNB Share Price Target 2026

When Maximum Price Minimum Price
January 2026 194.65 149.73
February 2026 199.64 153.57
March 2026 207.42 159.56
April 2026 203.36 156.43
May 2026 197.43 151.87
June 2026 206.32 158.71
July 2026 202.27 155.59
August 2026 208.53 160.41
September 2026 215.83 166.02
October 2026 221.44 170.34
November 2026 226.97 174.60
December 2026 232.65 178.96

In 2026, Punjab National Bank’s share price is anticipated to demonstrate robust growth, with projected maximum prices reaching up to ₹232.65 by December and a minimum of ₹149.73 in January.

PNB Share Price Target 2027

When Maximum Price Minimum Price
January 2027 237.30 182.54
February 2027 243.39 187.22
March 2027 252.88 194.52
April 2027 247.92 190.71
May 2027 240.70 185.15
June 2027 251.53 193.48
July 2027 246.60 189.69
August 2027 254.23 195.56
September 2027 263.12 202.40
October 2027 269.96 207.66
November 2027 276.71 212.86
December 2027 283.63 218.18

PNB Share Price Target 2028

When Maximum Price Minimum Price
January 2028 289.30 222.54
February 2028 296.72 228.25
March 2028 308.29 237.15
April 2028 302.25 232.50
May 2028 293.45 225.73
June 2028 306.65 235.89
July 2028 300.64 231.26
August 2028 309.94 238.41
September 2028 320.78 246.76
October 2028 329.12 253.17
November 2028 337.35 259.50
December 2028 345.79 265.99

PNB Share Price Target 2029

When Maximum Price Minimum Price
January 2029 352.70 271.31
February 2029 361.75 278.27
March 2029 375.85 289.12
April 2029 368.48 283.45
May 2029 357.75 275.19
June 2029 373.85 287.58
July 2029 366.52 281.94
August 2029 377.86 290.66
September 2029 391.08 300.83
October 2029 401.25 308.65
November 2029 411.28 316.37
December 2029 421.56 324.28

PNB Share Price Target 2030

When Maximum Price Minimum Price
January 2030 429.99 330.76
February 2030 441.02 339.24
March 2030 458.22 352.48
April 2030 449.23 345.56
May 2030 436.15 335.50
June 2030 455.78 350.60
July 2030 446.84 343.72
August 2030 460.66 354.35
September 2030 476.78 366.76
October 2030 489.18 376.29
November 2030 501.41 385.70
December 2030 513.94 395.34

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

Sharekhan on Punjab National Bank share price target

Sharekhan has issued a bullish recommendation on Punjab National Bank, advising a buy rating with a target price of Rs 140 as per their research report dated March 15, 2024.

Emkay Global Financial on Punjab National Bank share price target

Emkay Global Financial has a bullish outlook on Punjab National Bank, issuing a buy rating with a target price of Rs 125 in their research report dated January 26, 2024

FAQS

What is the current share price of Punjab National Bank?

The current share price of Punjab National Bank as of May 8th, 2024, is approximately 125 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 2024?

The projected share price target for Punjab National Bank in 2024 is approximately ₹155.01 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 ₹188.98 INR.

What is PNB’s share price target for 2030?

In 2030, PNB could be trading in between ₹513.94 and ₹330.76.

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 2024 to 2030 appear promising. With a maximum share price of Rs. 513.94 expected in 2030.

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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