Punjab National Bank – Building Scale, Strength, and Smarter Growth in Indian Banking.

Technical analysis: The chart shared by you shows a weak-to-neutral setup, with price around ₹109.35 and trading below key moving averages, which usually signals that bulls do not yet have full control. The image also shows RSI near 43 and a weak MACD structure, which suggests momentum is still soft even though the stock is trying to hold an important support band. Published technical levels suggest immediate support near ₹108.04 and ₹106.73, while resistance is near ₹110.73, ₹112.11, and ₹113.42. Weekly technical commentary also highlights ₹111.24 as immediate support and ₹115.27 as immediate resistance, which means the stock is currently very close to a breakdown-or-recovery zone. If PNB closes above ₹112–₹115, the

stock can move toward ₹117–₹120 in the near term. If it breaks below ₹108 and then ₹106 decisively, weakness can deepen toward the ₹103–₹100 zone. Result outlook: PNB has scheduled its board meeting for 5 May 2026 to approve audited FY26 and Q4 results, and the board will also consider a dividend recommendation. That makes the result event important not just for earnings but also for payout sentiment. The market will watch five things very closely: loan growth, deposit growth, NIM, asset quality, and FY27 guidance. Because loan growth has been stronger than deposit growth, commentary on funding cost and margin sustainability will be especially important. A strong result with stable or improving NIM, controlled slippages, and confident guidance can push the stock back toward ₹115–₹120. A weaker margin print or cautious commentary can keep the stock under pressure and may lead to a retest of ₹108 or lower.