PUNJAB NATIONAL BANK SHARE PRICE TARGET 2024, 2025, 2026 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

Punjab National Bank Share Price Target: 2024 to 2030

PNB Share Price Target 2024

The PNB share price forecast for 2024 indicates a fluctuating trend with a maximum price of ₹154.41 and a minimum price of ₹119.94. As of June 14, 2024, the current price is ₹129, with a market cap of ₹1,41,976 Cr.

The stock has a high/low of ₹143/₹49.7, a P/E ratio of 15.6, a book value of ₹100, a dividend yield of 1.16%, an ROCE of 5.46%, and an ROE of 8.54%

PNB Share Price Target 2025

The PNB share price in 2025 is projected to reach a maximum of ₹188.25 and a minimum of ₹121.15, showing a positive growth trend.

PNB Share Price Target 2026

PNB Share Price Target 2027

PNB Share Price Target 2028

PNB Share Price Target 2029

PNB Share Price Target 2030

Financial Condition of Punjab National Bank: Last 5 years

Over the past five years, Punjab National Bank (PNB) has shown significant fluctuations in its financial performance. Revenue has seen substantial growth from ₹52,147 crores in 2019 to ₹109,065 crores in 2024, reflecting a robust expansion. However, interest expenses have also increased, reaching ₹68,534 crores in 2024, indicating higher borrowing costs.

Despite fluctuations in expenses and financing profit turning positive in 2024, PNB faced challenges with profitability, recording a net profit of ₹9,157 crores in 2024 after losses in previous years. The bank’s earnings per share (EPS) recovered from negative figures to ₹8.27 in 2024, while dividend payouts resumed at 18%, reflecting cautious financial management amid varying economic conditions.

FAQS

What is the current share price of Punjab National Bank?

The current share price of Punjab National Bank as of June 14th, 2024, is approximately 129 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 ₹154.41 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 ₹188.25 INR.

What is PNB’s share price target for 2030?

In 2030, PNB could be trading in between ₹511.96 and ₹329.49.

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

In conclusion, Punjab National Bank (PNB) emerges as a compelling investment option amidst its dynamic financial performance and optimistic market outlook. Despite navigating profitability challenges in recent years, PNB has demonstrated resilience and growth potential, underscored by its expanding branch network and substantial revenue expansion.

The projected share price targets indicate a promising upward trajectory from ₹154.41 in 2024 to potentially ₹511.96 by 2030, reflecting strong investor confidence in its strategic direction and market position. For investors seeking opportunities in the banking sector, PNB stands out as a promising choice supported by its strategic initiatives and established market presence.

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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