PNB jumped 8%, its biggest single-day gain in over three years, after Q2 profit rose 13% YoY to Rs 5,532 crore and NII climbed 11% to Rs 11,601 crore. GNPA fell 90bp to 2.55% and Jefferies lifted its

What happened: Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore. Key numbers: Net profit Rs 5,532 crore, up 13% YoY in Q2FY27. Jefferies, Motilal Oswal and JM Financial set target prices of Rs 140 apiece. Why it matters: Stronger net interest income and improving asset quality prompted bullish brokerage calls, with the brokerages raising target prices.

Punjab National Bank shares rose sharply on Monday after the lender reported a 13% year-on-year rise in Q2FY27 net profit to Rs 5,532 crore.

Stronger net interest income and improving asset quality prompted bullish brokerage calls, with the brokerages raising target prices.