You've probably noticed it. Punjab National Bank (PNB) isn't just another boring government stock anymore. It’s actually moving. If you’ve been tracking the share market price of pnb, you know it recently hit a 52-week high of ₹132.79. Honestly, for a bank that many people had written off a few years ago, that’s a massive statement. As of January 17, 2026, the stock is hovering around ₹132.30, and the buzz on Dalal Street is getting louder.
Markets are weird. One day a stock is "dead money," and the next, every retail investor is trying to get a piece of it. But with PNB, it’s not just hype. There are cold, hard numbers backing this up. The bank’s global business recently crossed the ₹29 lakh crore milestone. That is a lot of zeros.
What’s Driving the Share Market Price of PNB Today?
Basically, it’s a mix of credit growth and a much-needed "cleanup" of their books. For years, the big worry with PNB was NPAs—non-performing assets. Basically, loans that weren't coming back. But the December 2025 quarter (Q3 FY26) showed something interesting. Their Gross NPA improved to 3.45%, down from 4.48% a year ago. Even better? The Net NPA is sitting at 0.36%.
That’s exceptionally lean for a public sector bank.
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When the risk of bad loans drops, the share market price of pnb usually gets a bump because investors feel safer. Plus, their global advances (the money they lend out) grew by nearly 11% year-on-year. They are lending more, and they are lending better.
The Credit-Deposit Ratio Shift
Here’s a nerdy detail that actually matters for your wallet: the Credit-Deposit (CD) ratio. It rose to 74.21%. In plain English, this means PNB is using more of its deposits to give out loans rather than letting the cash sit idle. This usually helps Net Interest Margins (NIMs), which is how banks actually make their profit.
However, it’s a bit of a balancing act. If you lend out too much and don't bring in enough new deposits, you have to borrow from the market, which can be expensive. PNB’s global deposits grew about 8.5%, which is solid but slower than their lending growth.
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Why the P/E Ratio Still Looks "Cheap"
Even with the recent rally, PNB is trading at a Price-to-Earnings (P/E) ratio of roughly 8.9. Compare that to some private banks or even the industry average of around 14, and it feels like there’s still room to run. You’re essentially paying less than 9 rupees for every 1 rupee of profit the bank makes.
- 52-Week High: ₹132.79
- 52-Week Low: ₹85.46
- Current Dividend Yield: 2.19%
- Market Cap: Approx ₹1.52 lakh crore
What Most People Get Wrong About PNB
A lot of folks still think of PNB as just a "government bank" where things move slowly. But look at the digital push. They are competing hard for retail loans—housing, car loans, personal loans. It's not just big corporate lending anymore.
Also, don't ignore the dividend. In 2025, they bumped the dividend to ₹2.90 per share. If you're looking for passive income, a 2.19% yield isn't world-beating, but it's a nice "thank you" for holding the stock.
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Technical Outlook: Support and Resistance
If you're into charts, the share market price of pnb has been respecting some key levels. Analysts like Sudeep Shah from SBI Securities have noted that the broader banking index has been consolidating, but PNB has shown relative strength.
- Immediate Support: Watch the ₹125-₹128 zone. It used to be a ceiling; now it’s acting like a floor.
- Resistance: The ₹135-₹140 range is the next big hurdle. If it breaks ₹140 with high volume, we might see a whole new price discovery phase.
- Volume Clues: On Jan 16, 2026, we saw a volume of over 34 million shares. That’s high. It means the "big boys" (institutional investors) are likely active.
Should You Be Worried?
Investing is never a straight line up. Geopolitical tensions or a sudden spike in inflation could make the whole market "kinda" nervous. For PNB, the biggest internal risk is if deposit growth stays too far behind loan growth. They need more people opening savings accounts to keep the lending engine fueled cheaply.
Also, they have a board meeting scheduled for January 19, 2026, to discuss the full Q3 results. Expect some volatility around that date. If the numbers surprise on the upside, ₹132 might look like a bargain in retrospect. If they miss, we might see a healthy correction back to the ₹120 levels.
Moving Forward: Actionable Steps for Investors
If you're already holding PNB, it might be worth checking your original thesis. Are you in it for a quick trade or the long-term PSU turnaround?
- Monitor the Jan 19 Results: Specifically look at the Net Interest Margin (NIM) and the slippages (new bad loans).
- Set Trailing Stop Losses: If you’ve made a 30% gain in the last six months, don't let it all evaporate. Move your stop loss up to around ₹124 to protect capital.
- Check the CD Ratio: If this climbs above 80%, keep an eye on how they plan to raise more deposits.
- Dividend Reinvestment: If you’re a long-term bull, consider using those dividend payouts to buy fractional shares or add to your position during minor dips.
The share market price of pnb is currently reflecting a bank that has finally found its footing after years of struggle. Whether it stays on this path depends on its ability to maintain asset quality while the Indian economy continues its credit expansion.