PNB Share Price Target : Punjab National Bank (PNB) is one of India’s largest public sector banks, offering retail and corporate banking, loans, deposits, credit cards, digital banking, and trade services across the country. In recent quarters, PNB has reported steady profit growth and expanding advances, reflecting improving business conditions.
In this article, we’ll look at PNB’s share price targets from 2026 through 2030, based on current financial trends, analyst forecasts, and sector outlook.
Current Context – Performance & Trends
PNB’s latest quarterly results showed a 13% year-on-year rise in net profit to ₹5,100 crore for the December quarter, even after setting aside provisions for bad loans. The bank’s global business and advances also grew meaningfully, indicating solid activity across retail and corporate segments.
This improvement in profitability and loan growth suggests that PNB’s core operations are stabilising, even in a challenging banking environment.
Key Fundamentals Snapshot (2026)
- Business growth: Advances up ~11% YoY.
- Profit trend: Net profit rising sequentially and YoY.
- Asset quality efforts: Continued focus on reducing NPAs.
- Analyst valuation today: Recent consensus 12-month target ~₹120–₹136.
- Current trading price: Around ₹125–₹130 in early 2026.
PNB Share Price Target 2026
For 2026, PNB’s share price target reflects modest growth expectations driven by improving asset quality, healthy advances growth, and overall banking sector recovery.
2026 Price Target: ₹135 – ₹160
Rationale:
- Stable NII and profit growth support valuation.
- Share price may re-rate modestly as asset quality improves.
- Analyst 12-month targets are moderately above current levels.
This range reflects a medium-term view based on current financial strength and sector conditions.
PNB Share Price Target 2027
By 2027, if loan growth continues and the bank keeps its net interest margin stable (guidance around 2.7–2.8%), PNB’s earnings could improve further.
2027 Price Target: ₹160 – ₹185
Rationale:
- Continued growth in advances and deposits.
- Improved investor confidence in PSU banks.
- Moderate valuation expansion relative to peers.
Steady long-term loan demand and stable retail growth could support this target.
PNB Share Price Target 2028
Looking further ahead, PNB may benefit from diversification of fees (cards, retail services) and deeper digital penetration.
2028 Price Target: ₹185 – ₹215
Rationale:
- Growth in retail and digital loan products.
- Further improvement in asset quality ratios.
- Diversified income streams raising valuation support.
Returns would be tied to earnings growth and long-term industry trends.
PNB Share Price Target 2029
In 2029, with a more mature earnings profile and likely industrywide credit expansion, PNB could attract higher valuations.
2029 Price Target: ₹210 – ₹250
Rationale:
- Broader credit demand across MSME and retail segments.
- Continued improvement in profitability and loan growth.
- Rising investor interest in PSU banks as the economy expands.
This assumes stable macroeconomic conditions and risk management.
PNB Share Price Target 2030
By 2030, if PNB continues to build its core banking book, strengthen its digital offerings, and maintain strong deposit growth, it could command a higher market valuation.
2030 Price Target: ₹240 – ₹290
Rationale:
- Earnings growth with rising retail banking share.
- Stronger fee income from diversified services.
- Banking sector maturity and valuation uplift.
The 2030 target reflects a longer horizon view with improved fundamentals.
PNB Share Price Target Summary (2026–2030)
| Year | Estimated Target Range (₹) |
|---|---|
| 2026 | 135 – 160 |
| 2027 | 160 – 185 |
| 2028 | 185 – 215 |
| 2029 | 210 – 250 |
| 2030 | 240 – 290 |
Growth Drivers to Watch
- Loan & deposit growth: Retail and corporate loan expansion can boost NII.
- Asset quality: Continued reduction in NPAs and provisioning improvements.
- Digital banking: Greater penetration could increase fee income.
- Policy support: PSU banking reforms and RBI policies supporting credit flows.
Risks & Challenges
- PSU bank volatility: Macro conditions and policy changes affect banking stocks.
- Margin pressure: NII and margins can be influenced by interest rate cycles.
- Risk of frauds or loan exposures: Historical banking sector challenges persist.
- Global events: External economic shocks or slowdown reduce credit demand.
Conclusion
Punjab National Bank is showing signs of improving profitability and credit growth, supported by strong operational updates and business expansion. While near-term price movement may be cautious, the medium to long-term outlook (2026–2030) shows a steady potential for valuation gains if growth trends continue and asset quality improves. The targets above reflect a balanced view for investors with a horizon of 3–5 years or more.
Disclaimer
This article is for educational and informational purposes only. It does not constitute investment advice. Stock investments involve risk and market conditions can change. Please consult a SEBI-registered financial advisor before making any investment decisions.
Pooja Sharma is an experienced professional writer with a strong background in the stock market and data-driven research. With seven years of academic and practical exposure at Lovely Professional University (LPU), she has built a solid foundation in financial analysis, market behavior, and business intelligence.
Her writing reflects a sharp analytical mindset and a clear understanding of complex financial concepts, which she translates into easy-to-understand, engaging content. Pooja specializes in stock market insights, data interpretation, and business-focused writing, delivering accurate and impactful work with consistency and professionalism.
