Punjab National Bank (PNB) announced its January to March quarter results on Wednesday, May 7, 2025. The State-run institutional lender recorded a nearly 52 per cent rise to ₹4,567 crore in its standalone net profit for the fourth quarter of the financial year 2024-25, compared year-on-year (YoY) with ₹3,010.27 crore in the same period a year ago.
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Seema Srivastava, the Senior Research Analyst at SMC Global Securities, said that the PSU Bank delivered a steady performance in the fourth quarter results, and with the improving profitability and asset quality the outlook for the stock remains positive for the long term investors.
“PNB is showing meaningful recovery, with improving profitability and asset quality. For long-term investors, the outlook is positive, though sustained margin pressure and cost control will be key areas to watch in the upcoming quarter,” said Srivastava.
Anshul Jain, the Head of Research at Lakshmishree Investment and Securities, said that the stock has failed to hold the breakout above the ₹100 to ₹102 zone, triggering a long liquidation. The stock market expert cautioned investors to invest unless the stock reclaims the ₹102 levels.
“PNB attempted a breakout in the ₹100 to ₹102 zone but failed to hold above it, triggering a long liquidation. Volumes during the base were weak, and the recent rise in volume suggests selling pressure. This failed breakout could be forming a bear trap, with downside targets around the ₹88 to ₹90 zone. Caution is advised—unless the stock reclaims ₹102 with strength, momentum favors sellers in the near term,” said Jain.
(This is a developing story. Please check back for updates.)
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