Punjab National Bank Targets Rs 60,000 Crore In Income For Next Few Quarters
Punjab National Bank reported results.
· NDTV Profit
PNB has already posted a net profit of Rs 5,500 crore and is targeting further growth in operating profit.
The analysis
Punjab National Bank reported Rs 60,000 Crore and Rs 5,500 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +4.8% on the day at ₹121.90, and has returned +15.3% over three months. It sits 8% below its 52-week high. The banks sector has moved -3.1% over the same period, so Punjab National Bank is running 18.4 points ahead of its peers.
For Punjab National Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is PNB.
- Sector exposure: Banks.
In this story
Related coverage
Q2 Results Live: DLF, Punjab National Bank, Bajaj Housing Finance, Federal Bank, LTM, Oberoi Realty In Focus
Union Bank shares jump 5% as Q2 PAT rises 30% YoY, asset quality improves
Central Bank of India Q2 profit rises 21% as loans grow 30%
HDFC Bank Vs ICICI Bank Vs Axis Bank: Here's What To Expect Ahead Of Q2 Earnings
ICICI Bank gains 1% post Q2 results; analysts upbeat on asset quality