PNB Shares Slip 0.97% as Stock Fails to Hold ₹110 Despite Strong Q4 Earnings 

Mumbai, May 7: Shares of Punjab National Bank ended Thursday’s session lower at ₹109.11, a decline of ₹1.07 or 0.97 per cent from the previous close of ₹110.18 on the NSE. The stock opened at ₹110.95 and briefly touched an intraday high of ₹111.00 in the opening minutes before retreating sharply as selling pressure built through the session.

The low of the day was recorded at ₹109.00, with the stock spending the bulk of the session trading in a narrow band between ₹109.00 and ₹110.00. The VWAP for the session stood at ₹109.47, indicating that the closing price was marginally below the average traded price of the day.

Over the week, PNB shares opened at approximately ₹109.50 on April 30 and held steady through May 4, closing around ₹108.95, before sliding to a weekly low of ₹108.00 on May 5. The stock staged a sharp recovery on May 6, surging to approximately ₹110.30, only to give up a portion of those gains on Thursday. The week-on-week price action reflects a volatile but range-bound move, with the stock struggling to sustain levels above ₹110 despite brief breakout attempts.

Q4 Results

Punjab National Bank’s Q4 FY26 net profit rose 14.4 per cent year-on-year to Rs 5,225 crore even as net interest income moderated, declining 3.5 per cent YoY to Rs 10,380 crore from Rs 10,757 crore in the year-ago quarter. The PSU lender’s domestic net interest margin narrowed by nearly 30 basis points to 2.61 per cent in Q4 FY26 from 2.96 per cent in the previous fiscal year.

Asset quality improved sequentially, with gross NPA ratio easing to 2.95 per cent from 3.19 per cent in the previous quarter and net NPA ratio narrowing to 0.29 per cent from 0.32 per cent QoQ. Provisions declined sharply on a sequential basis to Rs 424 crore in Q4 from Rs 1,150 crore in the October-December quarter, though marginally higher than Rs 360 crore in the year-ago period.

On the business front, total term deposits grew 10.9 per cent YoY to Rs 11.01 lakh crore as of March 31, 2026, while total retail credit expanded 8.3 per cent YoY to Rs 2.81 lakh crore at the end of the March quarter.

Investments in Cybersecurity

On the technology front, Punjab National Bank said it was stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats, including those from advanced AI models. The third largest state-run lender by market capitalisation has earmarked about 20 per cent of its technology budget for cybersecurity, amounting to roughly ₹7,000–₹8,000 crore for the current financial year, executive director D Surendran said, adding that this allocation is more than 50 per cent higher than the previous year. Surendran said the bank would increase spending further if required, emphasising that it does not want to compromise on cybersecurity expenditure.

Source:

• https://www.nseindia.com/get-quote/equity/PNB/Punjab-National-Bank