Punjab National Bank shares up by more than 1% as stocks of PSU banks gain today

Punjab National Bank (PNB) shares are gaining today. At 12:35 a.m. IST, its shares are up by 1.74%, trading at Rs 119.07. Nifty 50 index is down by 0.27% at this time. Some other PSU bank stocks are gaining at this time. SBI shares are up by 1.43%, trading at Rs 974.90. Canara Bank stock is up by 1.96% trading at Rs 150.05. Nifty PSU Bank index is the top gainer among sectoral indices at this time. It is up by 1.24%.

PNB shares have underperformed the Nifty PSU Bank index this year

Year-to-date (YTD) in 2025, PNB shares have gained 16.04%. Nifty 50 index has gained 8.87% in this period. PNB shares have outperformed the Nifty 50 index by around 8% this year.  Nifty PSU Bank index has gained 30.18% YTD in 2025. PNB stock is a constituent of Nifty PSU Bank index. It currently has 11.69% weight in the index.  PNB shares have underperformed the Nifty PSU Bank index by around 14% this year. PNB shares have risen less this year when compared to the shares of many other PSU Banks.

Stocks that make up the Nifty PSU Bank index are currently trading at an average price-to-earnings (P/E) ratio of 8.71. PNB shares are currently trading at 12-month trailing P/E ratio of 8.04.

Sentiments regarding PSU banks have turned positive

Sentiments regarding PSU banks have turned positive. They are now being perceived as relatively undervalued. This can be seen from the fact that stocks that make up Nifty Private Bank index are currently trading at an average P/E ratio of around 20.

Financial performance and asset quality of PSU Banks have improved consistently over the past some time. PNB’s net profit in the September quarter increased year-on-year by 13.94% to Rs 4,904 crore.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source : NSE, PNB