{"id":25648,"date":"2026-01-18T22:50:56","date_gmt":"2026-01-18T17:20:56","guid":{"rendered":"http:\/\/43.205.138.160\/?post_type=article&p=25648"},"modified":"2026-01-18T22:50:56","modified_gmt":"2026-01-18T17:20:56","slug":"pnb-%e2%82%b9130-%e0%a4%ac%e0%a5%8d%e0%a4%b0%e0%a5%87%e0%a4%95%e0%a4%86%e0%a4%89%e0%a4%9f-%e0%a4%b9%e0%a5%8b-%e0%a4%97%e0%a4%af%e0%a4%be-%e0%a4%85%e0%a4%ac-%e2%82%b9140-%e0%a4%95%e0%a5%80","status":"publish","type":"article","link":"https:\/\/signalz.pro\/article\/pnb-%e2%82%b9130-%e0%a4%ac%e0%a5%8d%e0%a4%b0%e0%a5%87%e0%a4%95%e0%a4%86%e0%a4%89%e0%a4%9f-%e0%a4%b9%e0%a5%8b-%e0%a4%97%e0%a4%af%e0%a4%be-%e0%a4%85%e0%a4%ac-%e2%82%b9140-%e0%a4%95%e0%a5%80\/","title":{"rendered":"“PNB: \u20b9130 \u092c\u094d\u0930\u0947\u0915\u0906\u0909\u091f \u0939\u094b \u0917\u092f\u093e \u2013 \u0905\u092c \u20b9140 \u0915\u0940 \u0930\u0947\u0938 \u0936\u0941\u0930\u0942!”"},"content":{"rendered":"

Punjab National Bank (PNB) – Comprehensive Equity Research Report
\n<\/strong>Report Date: January 18, 2026 | CMP: \u20b9124.50 (+1.06%) | Market Cap: \u20b91.38 Lakh Crore
\nPrepared by: Investogainer Research | SEBI Registered Research Analyst
\nPNB exhibits bullish technical momentum with daily moving averages crossover signaling positive shift above \u20b9103.80 pivot. Q3 results January 19 consensus reflects 9%+ business growth trajectory with asset quality improvement. Recent 30%+ YTD outperformance validates turnaround thesis amid PSU banking rotation.<\/p>\n

Detailed Technical Analysis:
\n<\/strong>Current Structure: CMP \u20b9124.50 strategically above pivot \u20b9103.80 with R1 \u20b9105.05, R2 \u20b9107.13, R3 \u20b9108.38 confirming upside trajectory; S1 \u20b9101.72, S2 \u20b9100.47, S3 \u20b998.39 validate robust foundation. 52-week range \u20b985.50-\u20b9128.25 positions stock near highs.<\/p>\n

Indicator Matrix:
\n<\/strong>Daily Bullish Shift: Moving averages bullish crossover (MA5-MA200), MACD weekly mildly bearish\/monthly bullish, RSI neutral, Bollinger Bands expansion signaling volatility breakout.
\nMomentum: KST mildly bearish weekly\/monthly but daily Strong Buy (7 Buy\/0 Sell) confirms short-term conviction.
\nVolume Confirmation: Delivery % elevated supporting institutional accumulation.
\nshort-term conviction.
\nVolume Confirmation: Delivery % elevated supporting institutional accumulation.<\/p>\n

Fundamental Analysis:
\n<\/strong>Q3FY26 Business Update: Global business \u20b928.92L Cr (+9.6% YoY), domestic \u20b927.65L Cr (+9.1%); deposits global \u20b916.6L Cr (+8.54%), domestic +8.32%.
\nAsset Quality: GNPA trajectory improvement, credit cost moderation expected.
\nFinancial Projections: NII +12% YoY, PAT \u20b93,500 Cr (+20%), NIM 3.3-3.4%; ROE 15% FY26E.
\nValuation: P\/B 1.1x FY26E discount to peers, dividend yield ~2% enhances PSU appeal.
\nMicro & Macro View:
\n<\/strong>Micro View: Pivot \u20b9103.80 bounce above S1 \u20b9101.72 favors \u20b9128 extension pre-results; critical support \u20b9100.
\nMacro View: PSU banking turnaround leader riding credit growth cycle with merged entity synergies positioning \u20b9160+ FY28.<\/p>\n

Q3 Results Preview (Earnings Call Jan 19, 4 PM IST)
\n<\/strong>Board approves Q3\/9MFY26 + Earnings Call MD & CEO Ashok Chandra + 4 EDs hosted Elara Securities.
\nConsensus: NII +12%, PAT \u20b93,500 Cr (+20% YoY), GNPA <3%, NIM stable 3.3%.
\nFocus Areas: Credit growth, deposit mobilization, slippages, FY26 guidance.
\nReaction: Beat \u20b9130+, inline \u20b9122 consolidation.<\/p>\n

Recent Rally Analysis:
\n<\/strong>No Sunday trading; Jan 14 +1.06% to \u20b9124.50 reflects pre-result positioning + global\/domestic business growth commentary (9%+ YoY). YTD +30.5% (vs Nifty +9.56%) validates momentum; 5Y +240% outperformance PSU banking rotation.<\/p>\n

Key News Events & Impact:
\n<\/strong>Q3 Results + Call Jan 19 (4 PM): NII\/asset quality\/guidance critical (+10% beat potential).
\nBusiness Growth Q3: Global +9.6%, domestic +9.1% validates execution.
\nDeposits Momentum: +8.5% YoY supports NIM stability.
\nPSU Banking Rotation: Sector outperformance tailwind.
\nTrading Window Closed: Disciplined positioning.<\/p>\n

Disclaimer & Disclosure:
\n<\/strong>Educational analysis exclusively – no investment advice.
\nInvestogainer Research no position PNB. Data public Jan 18, 2026.<\/p>\n

 <\/p>\n

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