PNB shares jump 8% after Q2 results beat estimates; brokers raise targets
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Stronger net interest income and improving asset quality prompted bullish brokerage calls, with Jefferies, Motilal Oswal and JM Financial…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn Indian mid-sized lender beat estimates and saw brokers raise target prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Punjab National Bank reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore.
- 02Jefferies, Motilal Oswal and JM Financial set target prices of Rs 140 apiece.
- 03Stronger net interest income and improving asset quality supported the shares.