As of September 6th, 2023, PNB is trading at ₹66 with a marketcap of ₹ 77,440 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.
Latest Key news about Punjab National Bank
- Retired PNB officer receives bail from CBI court in ₹9.10 crore LoU scam. (5th September, 2023)
- PNB launches CBDC-UPI integration for smooth transactions. (5th September, 2023)
- Punjab National Bank has collaborated with Amul to provide financial assistance to enhance their dealership network.
- Punjab National Bank secures Rs 3,090 crore through bond issuance to fuel its business expansion.
- PNB introduces UPI 123PAY, an IVR-based payment system.
- The Central Government appointed Shri Ashutosh Choudhury, Chief General Manager (CGM), Punjab National Bank, as Executive Director in Indian Bank for a period of three years.
Below are the trading platforms that you can use to purchase Punjab National Bank shares:
|When||Maximum Price||Minimum Price|
Punjab National Bank (PNB) is expected to witness a range of share price movements throughout 2023. Based on the provided data, the share price is projected to vary between ₹49.10 and ₹93.56 during the year, with incremental increases each month. Notably, the share price is anticipated to reach its highest point in December 2023.
Alongside this, PNB currently has a market capitalization of ₹72,440 crore and a stock price of ₹66.
Additionally, the bank offers a dividend yield of 1.21% and reports a return on capital employed (ROCE) of 4.11% and a return on equity (ROE) of 3.34%.
- Share price range: ₹49.10 to ₹93.56
- Current Market capitalization: ₹72,440 crore
- Current Stock price (September 6, 2023): ₹66.0
- Dividend yield: 1.21%
|When||Maximum Price||Minimum Price|
The maximum share price target of PNB for 2024 is ₹130.98 in December 2024, whereas the minimum share price target is ₹67.88 in May 2024. Overall, the trend appears to be bullish, with a positive growth percentage predicted each month.
Investors can expect a decent return on their investment if they invest in PNB shares in 2024.
|When||Maximum Price||Minimum Price|
The maximum share price target for Punjab National Bank for the year 2025 is ₹158.89 which is expected to be reached in December 2025, while the minimum share price target is ₹92.20 in May 2025.
The average target price for PNB shares in 2025 appears to be positive, with a bullish trend and a positive growth percentage predicted for most months. This suggests that investors may consider investing in PNB shares, as there is potential for upside and expected returns.
|Year||Maximum Price||Minimum Price|
Looking at PNB share price target for 2026 to 2030, the maximum share price for 2026 is expected to be ₹111.22, with the minimum share price being ₹77.85. The growth percentage for PNB shares is expected to be positive in the years 2026 to 2030, with a bullish trend predicted for most months. The maximum share price predicted for the year 2029 is ₹349.55, while the minimum is ₹244.69. The year 2030 is expected to have a maximum share price of ₹389.27 and a minimum of ₹272.49.
It appears that PNB shares are expected to have a positive outlook in the years 2026 to 2030, with significant growth predicted in some years. However, it is important to note that market fluctuations and other external factors may impact the predicted growth percentage.
Financial Condition of Punjab National Bank: Last 5 years
|Year||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Financing Margin %||-42%||-14%||-9%||-9%||-7%|
|Profit before tax||-15,370||827||4,325||4,826||5,151|
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.
Sharekhan suggests buying Punjab National Bank (PNB) with a target price of Rs 64.
ICICI Direct recommends purchasing shares of Punjab National Bank (PNB) with a target price of Rs 52.4.
Motilal Oswal maintains a neutral stance on Punjab National Bank (PNB) with a target price of Rs 55.
The current share price of Punjab National Bank as of September 6th, 2023 is approximately 66 INR.
The highest share price of Punjab National Bank in the past 5 years was 95.5 INR on 29th March, 2019.
The lowest share price of Punjab National Bank in the past 5 years was 26.65 INR (22nd May 2020).
The projected share price target for Punjab National Bank in 2023 is approximately ₹93.56 INR.
The projected share price target for Punjab National Bank in 2024 is approximately ₹130.98 INR.
The projected share price target for Punjab National Bank in 2025 is approximately ₹158.89 INR.
In 2030, PNB could be trading in between ₹389.27 and ₹272.49. PNB’s average share price target for 2030 is ₹330.88
It is unlikely that Punjab National Bank shares will reach 500 INR by 2025 based on current projections and historical data.
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.
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.
- MAHINDRA AND MAHINDRA SHARE PRICE TARGET
- ADANI ENTERPRISES Ltd SHARE PRICE TARGET
- AMBUJA CEMENT SHARE PRICE TARGET
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.
The recommendations by different brokerage firms also vary, with ICICI Direct suggesting a target price of Rs 52.4, Sharekhan recommending a target of Rs 64, and Motilal Oswal maintaining a neutral stance with a target of Rs 55.
LKP research suggests buying PNB with a target price of Rs.80
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.
What did we learn?
- 1 Latest Key news about Punjab National Bank
- 2 How to purchase Punjab National Bank shares?
- 3 Punjab National Bank Share Price Target: 2023 to 2030
- 4 Financial Condition of Punjab National Bank: Last 5 years
- 5 Punjab National Bank share price target by Experts
- 6 FAQS
- 6.1 What is the current share price of Punjab National Bank?
- 6.2 What was the highest share price of Punjab National Bank in the past 5 years?
- 6.3 What was the lowest share price of Punjab National Bank in the past 5 years?
- 6.4 What is the projected share price target for Punjab National Bank in 2023?
- 6.5 What is the projected share price target for Punjab National Bank in 2024?
- 6.6 What is the projected share price target for Punjab National Bank in 2025?
- 6.7 What is PNB’s share price target for 2030?
- 6.8 Can Punjab National Bank shares reach 500 INR by 2025?
- 6.9 What factors could affect the share price of Punjab National Bank in the coming years?
- 6.10 Is Punjab National Bank a good stock to buy for long-term investment?
- 6.11 What is the recommendation for investing in Punjab National Bank shares?
- 7 Conclusion