Punjab National Bank Share Price

Bank Nifty Clears 54,650; 55,135 Next to Watch

Bank Nifty extended its recovery today and moved to around 54,910, above the 54,650 hurdle that had acted as resistance earlier this week on the hourly chart. With that level cleared, the next resistance zones are 55,135 and then the falling trendline near 55,340. That trendline has capped rallies since the mid-October high near 56,130. It will be interesting to see whether today’s momentum carries into the next session and whether the index can approach the trendline. 54,650 now becomes the level to watch as potential support, and a close back below it would weaken the setup. Kotak Mahindra Bank, BANKBARODA and PNB were the top performers in Bank Nifty today. That points to participation from both private and public sector banks after the Fed decision put the sector in focus. Resistance zones often see profit booking, so how price behaves near 55,135 and the trendline, and whether volume supports the move, is worth observing. When a resistance level is cleared, it often becomes the first support to watch; the next resistance zones show where the move may face a test. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212. Source: NSE data for top Bank Nifty gainers and Bank Nifty 1-hour chart Trading View (own analysis)

PNB Housing gains fade after Q2, support at 1,050

PNB Housing Finance fell after an early 4.8% jump on Q2 profit of Rs 617 crore, with support at Rs 1,050 and resistance at Rs 1,225. PNB Housing Finance Limited [ PNBHOUSING ] surged about 4.8% in early trade on 29 October after its Q2 FY27 results, then reversed. By 12:35 pm it was down 2.74% at Rs 1,090.80, after falling about 8% from the day’s high of Rs 1,177.30 to a low of Rs 1,083.10. Consolidated profit rose 6% to Rs 617 crore from Rs 582 crore, and net interest income grew 15% to Rs 878 crore from Rs 765 crore. Disbursements jumped 60% to Rs 9,609 crore. Gross NPA eased to 0.91% from 1.04%. A one-off charge on prepayment of a corporate account hit the quarter. Profit beat the Rs 580 crore consensus estimate, yet price could not hold the opening gain. The morning gain faded within the first half, a bearish reversal after a gap up. The range is Rs 1,050 to Rs 1,225. Support is Rs 1,050. Resistance is Rs 1,225. A close below Rs 1,050 would break the range to the downside. A close above Rs 1,225 would open fresh highs. Volume on any bounce is the key signal here. DISCLOSURE: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.

Punjab National Bank analysis on different parameters

PNB Quality :- Punjab National Bank continues to demonstrate robust lending practices, as evidenced by its low Gross Non-Performing Asset (NPA) ratio, which stands at 2.55%. This figure indicates a disciplined credit portfolio management and effective risk controls relative to industry peers. The bank's Net NPA ratio is even more favourable, recorded at a minimal 0.25%, underscoring the quality of its asset book and provisioning adequacy. Valuation :- a valuation standpoint, Punjab National Bank presents an attractive profile. The bank’s return on assets (ROA) is reported at 1%, which is a positive indicator of efficient asset utilisation. Additionally, the stock trades at a price-to-book value of 0.9, suggesting it is priced at a discount relative to its historical peer valuations. Financial :- Punjab National Bank has exhibited a strong trajectory in profitability. The net profit has grown at a compound annual growth rate (CAGR) of approximately 45.65% over the long term, a remarkable pace for a public sector bank. The latest nine-month period shows a profit after tax (PAT) of ₹16,010.63 crores, reflecting a growth rate of 43.65% compared to the previous corresponding period. Technical :- the stock exhibits bullish characteristics, supported by positive momentum indicators and price action trends. Despite a minor decline of 0.62% on the most recent trading day and a one-week dip of 1.69%, the stock has posted gains of 2.49% over the past month and 8.28% over three months. These movements suggest a resilient market interest and a constructive technical setup.

Nifty Slips Below 23,015; PSU Banks in Focus

Nifty could not sustain above the 23,111 monthly resistance flagged in Monday’s view. It slipped below 23,030, came close to the 22,850 area and closed near 22,875, below the 23,015-22,920 pivot cluster. RSI at 37.81 has fallen sharply from the overbought zone to below the midline, showing weaker momentum. GIFT Nifty is about 74 points higher as of this writing, which points to a possible gap-up towards 23,000. Resistance: 23,111 / 23,300. Pivot cluster: 23,015-22,920. Support: 22,759 / 22,630. Sustaining above 23,015 could bring 23,111 back into view, and holding above that for half an hour to an hour could open 23,300. A move below 22,920 on a half-hour or hourly closing basis could bring 22,759 and then 22,630 into focus. Nifty PSU Bank rose 2.46% to 8,294 on Monday and is pressing against a falling trendline drawn from the August high, around 8,320-8,350. RSI at 54.74 has moved above the midline from near-oversold levels in early October. UNIONBANK , PNB, Bank of India and Federal Bank are among the names in focus. A close above the trendline would be a notable development. Index weakness after a failed test of monthly resistance shows why closing levels matter, while a sector pushing against a trendline adds context. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.

PSU Banks Rally: Nifty PSU Bank Index Bucks Market Trend

The Indian stock market witnessed a severe downturn on 19 October 2026, with the benchmark BSE Sensex plummeting 876 points (1.17%) to close at 73,852.90, and the NSE Nifty 50 shedding 257 points (1.11%) to settle at 22,888.95. However, amidst this widespread broad-based selling pressure, the state-run lenders staged a remarkable turnaround. The Nifty PSU Bank Index emerged as the sole gleaming outlier on the NSE sectoral leaderboard, surging 2.46% to close at 8,294.10. The monumental surge in public sector banks was heavily catalyzed by a spectacular kickoff to the corporate earnings season. Punjab National Bank (PNB) acted as a major market propellant after reporting a robust September quarter (Q2FY27) standalone profit after tax (PAT) of ₹5,500 crore, significantly outstripping street expectations. PNB’s stock correspondingly skyrocketed 4.78%, recording a massive trading volume of 8.16 crore shares. Similarly, Union Bank of India registered heavy institutional demand, accelerating 4.94% on a massive volume of 4.80 crore shares. Other major gainers backing the state-run rally included Bank of India (+3.75%), Bank of Baroda (+3.48%), and Canara Bank (+2.87%). Technically the Nifty PSU Bank Index has taken support at 7800 levels for 3 times and has bounced sharply from this levels. we can see a triple bottom taking place in Nifty PSU Bank Index. But, it is still in a range. Daily RSI 14 crossed above 50 and Daily MACD Histogram above zero indicates a bullish trend. PNB

Punjab National Bank jumps 5% on Q2 earnings beat

PNB (PNB) rose 5.19% to ₹122.34 on October 19, the first session after it reported a 12.8% year-on-year rise in Q2 FY27 net profit to ₹5,532 crore. The results were released after market hours on Friday, October 16. Net interest income grew 10.8% to ₹11,601 crore, and 7.4% sequentially. Global net interest margin improved to 2.58% from 2.50% in Q1. Domestic NIM of 2.74% beat the bank's 2.6–2.7% guidance. Global advances rose 14.7%, ahead of the 12–13% loan growth guidance. Gross NPA fell to 2.55%, and return on equity stood at 17.32%. The beat was meaningful. One brokerage said profit came in 20% above its estimate. Core operating profit rose 29.4%, and now makes up 79% of total operating profit, compared with 64% a year ago. That shows earnings are coming more from the core lending business. Motilal Oswal kept its Buy rating with a revised target of ₹140. Part of the beat is less repeatable. The same brokerage said one-off recoveries helped push profit above estimates. Total operating profit grew only 4.2% to ₹7,532 crore. Fresh slippages also increased during the quarter, even as overall NPA ratios improved. Return on assets stayed flat at 1.05% compared with a year ago. The bank also faces a transition to the expected credit loss (ECL) provisioning model. Investors should watch NIM sustainability, fresh slippages, the impact of ECL provisioning, and whether loan growth stays above guidance. The key question is whether PNB can keep growing profit once one-off recoveries fade.