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.
PNB Shareholding Patterns
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 73.15% | 73.15% | 73.15% | 73.15% | 73.15% |
| FIIs + | 1.82% | 2.65% | 3.10% | 4.82% | 5.51% |
| DIIs + | 13.44% | 13.80% | 13.74% | 12.37% | 10.76% |
| Public + | 11.57% | 10.41% | 10.00% | 9.67% | 10.57% |
| No. of Shareholders | 20,30,100 | 20,83,546 | 21,63,625 | 23,53,625 | 25,29,283 |
The shareholding patterns of PNB (Punjab National Bank) from June 2023 to June 2024 illustrate significant changes in the distribution of ownership among different groups. Throughout this period, the promoters consistently held a substantial stake of 73.15%, reflecting their strong control and commitment to the bank. Foreign Institutional Investors (FIIs) exhibited a noticeable increase in their shareholding. Starting at 1.82% in June 2023, their stake rose to 2.65% in September 2023, then to 3.10% in December 2023, further to 4.82% in March 2024, and ultimately to 5.51% by June 2024. This upward trend indicates growing interest and confidence from foreign investors in PNB.
Domestic Institutional Investors (DIIs) experienced a slight decline over the same period. Their holdings started at 13.44% in June 2023, saw a slight increase to 13.80% in September 2023, and then decreased marginally to 13.74% in December 2023. By March 2024, their stake had reduced to 12.37%, and it further declined to 10.76% by June 2024. This reduction may suggest strategic reallocations or shifts in investment preferences by domestic institutions. The public shareholding remained relatively stable, with minor fluctuations. Starting at 11.57% in June 2023, it decreased to 10.41% in September 2023, further to 10.00% in December 2023, dipped to 9.67% in March 2024, and then slightly increased to 10.57% by June 2024. Additionally, the number of shareholders saw significant growth, reflecting increased interest from retail investors. From 20,30,100 shareholders in June 2023, the number grew to 20,83,546 in September 2023, to 21,63,625 in December 2023, to 23,53,625 in March 2024, and reached 25,29,283 by June 2024. This growth indicates a widening investor base and increasing public interest in PNB’s shares.
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PNB Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 132.15 | 114.92 |
| September 2024 | 137.44 | 119.51 |
| October 2024 | 134.75 | 117.17 |
| November 2024 | 140.14 | 121.86 |
| December 2024 | 141.54 | 123.08 |
In 2024, PNB’s stock prices are projected to show a steady upward trend. By August, the maximum price is expected to reach ₹132.15 and the minimum ₹114.92. In December, the maximum price is anticipated to rise to ₹141.54, with the minimum at ₹123.08, reflecting a consistent increase throughout the year.
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PNB Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 142.95 | 109.96 |
| February 2025 | 144.40 | 111.07 |
| March 2025 | 147.43 | 113.41 |
| April 2025 | 145.97 | 112.28 |
| May 2025 | 141.72 | 109.01 |
| June 2025 | 148.09 | 113.92 |
| July 2025 | 145.19 | 111.68 |
| August 2025 | 149.68 | 115.14 |
| September 2025 | 151.48 | 116.52 |
| October 2025 | 155.42 | 119.55 |
| November 2025 | 159.30 | 122.54 |
| December 2025 | 166.47 | 128.05 |
In 2025, PNB’s stock prices are projected to show notable growth. Starting in January, the maximum price is expected to be ₹142.95 and the minimum ₹109.96. As we step through the year, by August, the prices are anticipated to rise to a maximum of ₹149.68 and a minimum of ₹115.14. This upward trend continues into December, where the maximum price is forecasted to reach ₹166.47, with the minimum at ₹128.05.
PNB Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 171.46 | 131.89 |
| February 2026 | 167.18 | 128.60 |
| March 2026 | 170.52 | 131.17 |
| April 2026 | 174.00 | 133.85 |
| May 2026 | 172.28 | 132.52 |
| June 2026 | 176.58 | 135.83 |
| July 2026 | 173.12 | 133.17 |
| August 2026 | 178.48 | 137.29 |
| September 2026 | 182.05 | 140.04 |
| October 2026 | 186.78 | 143.68 |
| November 2026 | 191.45 | 147.27 |
| December 2026 | 196.23 | 150.95 |
PNB Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 198.20 | 152.46 |
| February 2027 | 203.28 | 156.37 |
| March 2027 | 211.21 | 162.47 |
| April 2027 | 207.07 | 159.28 |
| May 2027 | 201.03 | 154.64 |
| June 2027 | 210.08 | 161.60 |
| July 2027 | 205.96 | 158.43 |
| August 2027 | 212.33 | 163.33 |
| September 2027 | 219.76 | 169.05 |
| October 2027 | 225.48 | 173.44 |
| November 2027 | 231.11 | 177.78 |
| December 2027 | 236.89 | 182.22 |
PNB Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 241.63 | 185.87 |
| February 2028 | 247.83 | 190.64 |
| March 2028 | 257.49 | 198.07 |
| April 2028 | 252.44 | 194.19 |
| May 2028 | 245.09 | 188.53 |
| June 2028 | 256.12 | 197.01 |
| July 2028 | 251.10 | 193.15 |
| August 2028 | 258.86 | 199.12 |
| September 2028 | 267.92 | 206.09 |
| October 2028 | 274.89 | 211.45 |
| November 2028 | 281.76 | 216.74 |
| December 2028 | 288.80 | 222.16 |
PNB Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 294.58 | 226.60 |
| February 2029 | 302.13 | 232.41 |
| March 2029 | 313.92 | 241.47 |
| April 2029 | 307.76 | 236.74 |
| May 2029 | 298.80 | 229.84 |
| June 2029 | 312.24 | 240.19 |
| July 2029 | 306.12 | 235.48 |
| August 2029 | 315.59 | 242.76 |
| September 2029 | 326.63 | 251.26 |
| October 2029 | 335.13 | 257.79 |
| November 2029 | 343.51 | 264.23 |
| December 2029 | 352.09 | 270.84 |
PNB Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 359.13 | 276.26 |
| February 2030 | 368.34 | 283.34 |
| March 2030 | 382.71 | 294.39 |
| April 2030 | 375.20 | 288.62 |
| May 2030 | 364.28 | 280.21 |
| June 2030 | 380.67 | 292.82 |
| July 2030 | 373.20 | 287.08 |
| August 2030 | 384.75 | 295.96 |
| September 2030 | 398.21 | 306.32 |
| October 2030 | 408.57 | 314.28 |
| November 2030 | 418.78 | 322.14 |
| December 2030 | 429.25 | 330.19 |
In 2030, PNB’s stock prices are projected to experience significant growth. Starting in January, the maximum price is expected to be ₹359.13 and the minimum ₹276.26. As we step through the year, by August, the maximum price is anticipated to rise to ₹384.75 with a minimum of ₹295.96. This upward trend continues, reaching a peak in December with the maximum price forecasted at ₹429.25 and the minimum at ₹330.19. This consistent increase in both maximum and minimum prices throughout the year suggests a positive outlook for PNB’s stock performance.
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FINANCIAL STRENGTH OF PNB (2020 to 2024)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Revenue | 54,918 | 81,935 | 76,242 | 86,845 | 109,065 | 112,536 |
| Interest | 36,997 | 50,805 | 46,823 | 51,817 | 68,534 | 71,006 |
| Expenses + | 25,867 | 38,601 | 36,026 | 41,502 | 39,623 | 38,011 |
| Financing Profit | -7,946 | -7,470 | -6,607 | -6,473 | 908 | 3,519 |
| Financing Margin % | -14% | -9% | -9% | -7% | 1% | 3% |
| Other Income + | 9,388 | 12,777 | 12,329 | 12,529 | 14,158 | 13,585 |
| Depreciation | 614 | 982 | 896 | 905 | 906 | 0 |
| Profit before tax | 827 | 4,325 | 4,826 | 5,151 | 14,160 | 17,104 |
| Tax % | 56% | 38% | 19% | 35% | 35% | |
| Net Profit + | 485 | 2,695 | 3,908 | 3,359 | 9,157 | 11,786 |
| EPS in Rs | 0.65 | 2.45 | 3.51 | 3.04 | 8.27 | 10.67 |
| Dividend Payout % | 0% | 0% | 18% | 21% | 18% |
Revenue and Interest: PNB’s revenue saw a substantial increase, rising from ₹54,918 crore in March 2020 to ₹112,536 crore in TTM. Interest expenses also grew, from ₹36,997 crore to ₹71,006 crore over the same period. This indicates an expanding scale of operations and increased borrowing costs.
Expenses and Profitability: Total expenses showed fluctuations, peaking at ₹41,502 crore in March 2023 before reducing to ₹38,011 crore in TTM. Financing profit improved dramatically from a loss of ₹7,946 crore in March 2020 to a profit of ₹3,519 crore in TTM, reflecting better cost management and revenue generation. Consequently, the financing margin turned positive, improving from -14% to 3%.
Other Income and Depreciation: Other income increased from ₹9,388 crore in March 2020 to ₹13,585 crore in TTM. Depreciation expenses remained relatively stable, hovering around ₹900 crore before being negligible in TTM.
Profit Before Tax and Net Profit: Profit before tax saw a remarkable rise from ₹827 crore in March 2020 to ₹17,104 crore in TTM, indicating strong operational performance. After accounting for taxes, net profit surged from ₹485 crore to ₹11,786 crore, demonstrating significant profitability enhancement.
Earnings Per Share (EPS) and Dividend Payout: EPS grew from ₹0.65 to ₹10.67, reflecting increased shareholder value. Dividend payout percentage varied, reaching 21% in March 2023, before stabilizing at 18% in subsequent periods.
Overall, PNB’s financial health improved considerably, marked by higher revenues, better profitability, and increased shareholder returns.
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FAQ’s
What is the maximum share price target of PNB in 2025?
The maximum share price target of PNB is expected to reach ₹166.47 by the end of 2025.
What is the share price target of PNB in 2030?
PNB is projected to trade in a range between ₹276.26 to ₹429.25 in 2030.
What is the current market cap of PNB?
The current marketcap of PNB is ₹1,36,492 Cr.
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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