One of India’s largest public sector banks, PNB Bank has a significant position in the domestic banking sector. Over the years, the bank has steadily increased operations while also enhancing its financial performance, which has been reflected in the share price. Investors are interested in learning about PNB Bank’s share price objective for the coming years because the Indian economy is beginning to show signs of recovery and the banking industry is primed for expansion. In this article, we will examine the variables that could have an impact on PNB Bank’s share price in the future and offer a target range for investors to take into account.
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PNB IN RECENT NEWS
- According to recent data, State Bank of India holds the highest amount of unclaimed deposits among public sector banks, followed by Punjab National Bank. In total, PSBs have transferred Rs. 35,012 crores to the Reserve Bank of India in unclaimed deposits.
- PNB Housing Finance saw a 4% increase in its stock price after Morgan Stanley predicted a potential 32% upside for the company’s shares.
PNB SHARE PRICE TARGET 2023
|PNB SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The PNB Bank share price target for 2023 shows a fluctuating trend throughout the year. In March, the maximum price was ₹47.35 and the minimum price was ₹36.42. The maximum share price target for the year was seen in December, where the price reached ₹84.70, while the minimum share price target was observed in May at ₹33.39. The share price increased in April, June, July, September, and November, but decreased in May, August, and October.
PNB SHARE PRICE TARGET 2024
|PNB SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The PNB Bank share price target for 2024 shows a mixed trend with some volatility. In January, the maximum share price was ₹89.16, and the minimum share price was ₹1037.03. The maximum share price target for the year was seen in December, where the price reached ₹118.59, while the minimum share price target was observed in May at ₹61.45. The share price increased in February, March, June, August, September, October, November, and December, but decreased in April and July. The share price experienced a positive trend with an upward movement in the later months of the year.
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PNB SHARE PRICE TARGET 2025
|PNB SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
Looking at the data, the share price for PNB Bank is expected to fluctuate throughout the year, with the maximum price target of ₹143.85 in December 2025 and the minimum price target of ₹83.47 in May 2025. It is noteworthy that the maximum price target in December 2025 is significantly higher than the minimum price target in May 2025, indicating that the share price for PNB Bank is expected to be volatile in 2025.
PNB SHARE PRICE TARGET 2026 TO 2030
|PNB SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Based on the data provided, the maximum price target for PNB Bank shares in 2026 is ₹100.69, while the minimum price target is ₹70.49. In 2027, the maximum and minimum price targets are ₹85.59 and ₹59.91, respectively. Moving on to 2028, the maximum and minimum price targets are ₹154.06 and ₹107.84, respectively. In 2029, the maximum price target jumps significantly to ₹316.47, while the minimum price target is ₹221.53. Finally, in 2030, the maximum price target for PNB Bank shares is ₹352.43, while the minimum price target is ₹246.70. It is worth noting that these projections are subject to various market forces and are not guaranteed.
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FINANCIAL STRENGTH OF PNB (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Income Growth (%)||-7.00||47.72||8.05||3.31||0.67|
|Provisions & Contingencies||17,349.68||21,518.07||14,794.83||23,196.01||23,019.55|
|Provisions & Contingencies Growth (%)||-19.37||45.44||-36.22||0.77||63.51|
|Profit after Tax (PAT)||3,860.74||2,561.97||438.45||-9,570.12||-12,130.06|
|PAT Growth (%)||70.78||492.40||–||–||-1,496.51|
|Net Interest Margin (%)||2.19||2.42||2.10||2.21||1.95|
|Net Profit Margin (%)||5.06||3.12||0.79||-18.35||-24.89|
|Basic EPS (₹)||3.53||2.64||0.80||-29.68||-54.71|
PNB Bank’s financial statement shows a mixed picture of growth in the last five years. The total income of the bank has been fluctuating, with a high of ₹94,990.85 crores in FY 2021 and a low of ₹57,608.19 crores in FY 2018. The bank’s provisions and contingencies have also been volatile, with a maximum of ₹23,196.01 crores in FY 2019 and a minimum of ₹14,794.83 crores in FY 2020. The profit after tax (PAT) has seen a significant increase of 70.78% in FY 2022 compared to FY 2021. However, the bank had a negative PAT of ₹9,570.12 crores in FY 2019, which improved to a positive PAT of ₹3,860.74 crores in FY 2022. The net interest margin has been fluctuating between 1.95% in FY 2018 to 2.42% in FY 2021. The basic earnings per share (EPS) have also improved from ₹0.80 in FY 2020 to ₹3.53 in FY 2022. Overall, while the bank has shown some positive growth in terms of revenue and PAT, it has also faced challenges in the past years, particularly in FY 2019.
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What is the maximum share price target of PNB in 2026?
The maximum share price target of PNB in 2026 is Rs. 100.69
What is the maximum share price target of PNB in 2027?
The maximum share price target of PNB in 2027 is Rs. 85.59
What is the maximum share price target of PNB in 2028?
The maximum share price target of PNB in 2028 is Rs. 154.06
What is the maximum share price target of PNB in 2029?
The maximum share price target of PNB in 2029 is Rs. 316.47
What is the maximum share price target of PNB in 2030?
The maximum share price target of PNB in 2030 is Rs. 352.43
CONCLUSION: PNB SHARE PRICE TARGET
The company’s income growth, PAT, revenue growth, and profit growth have fluctuated during the past five years, according to PNB Bank’s financial records. PAT growth has been fairly spectacular, demonstrating a significant increase, while the company’s overall income growth has decreased in the current financial year. The bank’s income and profit growth, however, have fluctuated during the previous few years. Also, the bank has made significant provisions and contingencies, which could have an impact on the company’s future profitability.
Consequently, it is crucial to make a thorough research of the company’s financial statements, performance indicators, and market trends before investing in PNB Bank shares.
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