PNB share price today

Punjab National Bank's share price was ₹122.42 at the close on 4 November 2026. It has been rising for 7 weeks. That is 7.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹102 and ₹132, and at that close it sat 67% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Punjab National Bank is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row.

Over the last 11 years the share price moved +69% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), highest quarterly profit in 16 quarters and profit up on a year earlier for 5 quarters in a row.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹35,267 crore, +8.5% on a year earlier.

   Why: The bank made more loans, with retail, farm and small business lending all growing. That lifted the income it earns from loans.

   Next results: check whether central bank rate changes pass through and low paying loans are replaced, which management expects to widen the gap between loan income and deposit cost.

   From the earnings call on 16 Oct 2026.

2. Highest quarterly profit in 16 quarters

   Profit of ₹5,918 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit rose because the bank earned more from its main business and the gap between loan income and deposit cost recovered.

   From the earnings call on 16 Oct 2026.

3. Profit up on a year earlier for 5 quarters in a row

   In the September 2026 quarter profit was ₹5,918 crore, +15.6% on a year earlier.

   Why: Profit rose because deposit costs fell and old low paying loans were replaced with new higher paying ones, which widened the gap between loan income and deposit cost.

   From the earnings call on 16 Oct 2026.

PNB paid ₹3 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.45% at the ₹122.42 close on 4 November 2026. The last was a dividend of ₹3 a share, ex-date 12 June 2026.

PNB dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Punjab National Bank paid out 19% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), PNB reported total income of ₹35,267 crore, up 8.5% from ₹32,513 crore a year earlier, and a profit of ₹5,918 crore, up 15.6% from ₹5,121 crore.

PNB results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

PNB's management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

PNB closed at ₹122.42 on 4 November 2026, up 0.0% from ₹122.38 a year earlier (7 November 2025) and up 192.2% over five years. Its highest weekly close since February 2016 was ₹207.80 on 3 November 2017.

PNB share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: PNB closed at ₹122.42, down 0.4% on the week and up 11.7% on the month. 16 Oct 2026: PNB held its results call for July to September 2026. Management guided: FY27 global NIM 2.6-2.7% and NII growth 7%; Q3 global NIM expected to add 7-9 basis points.

Earlier

• Results for July to September 2026: Total income up 8.5% and profit up 15.6% on a year earlier.
• 12 Jun 2026: ex-date for a dividend of ₹3 a share, record date 13 Jun 2026.

On the call for July to September 2026, held on 16 October 2026, PNB's management guided: FY27 global NIM 2.6-2.7% and NII growth 7%; Q3 global NIM expected to add 7-9 basis points.

“I am expecting a further addition of around 7 to 9 basis points in this particular quarter.”Ashok Chandra, on the call for July to September 2026

What management guided

• Deposit growth planned at 8-9%, with no deposit-rate change planned this month.
• ECL transition loan-book requirement around ₹8,000 crore, with about ₹5,000 crore still needed after current provisions; HTM excluded.
• FY27 recoveries ₹12,000-13,000 crore; next-year goal around ₹12,000 crore as recoveries decline.
• Ongoing credit cost 25-30 basis points, RoA above 1.0%, and RoE 15-17% minimum.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When PNB reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Q3 global NIM delivery against the stated uplift; check repo pass-through and replacement of low-yield advances.

PNB is on 4 of our India lists: Undervalued stocks, Momentum stocks, Dividend stocks and Bank stocks.

Punjab National Bank earned ₹5,918 Cr of net profit in the Sep 2026 quarter, +15.6% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹18,467 Cr. That is 16.8% of the quarter's revenue. The same quarter a year earlier earned ₹5,121 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹18,467 Cr (−0.5% on the year before).

Why profit moved: revenue changed +8.5% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +53.1% and revenue +3.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Punjab National Bank reported ₹35,267 Cr of income in the Sep 2026 quarter, +8.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 9.9% a year on average. The last full year, FY26, came in at ₹1,30,772 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹1,34,543 Cr.

FY26 revenue was ₹1,30,772 Cr, +5.5% on the year before.

Recent pace: the last four quarters grew +3.9% on average, against 9.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.9%, against +7.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +34.0%, against +25.6% a year (accelerating).

Punjab National Bank's net margin was 16.8% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −24.9% and 15.0%. The latest quarter is above every full year in that period.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Punjab National Bank does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

Punjab National Bank's revenue was ₹1,30,772 Cr in FY26, +5.5% on the year before, so the loan book is growing. The latest quarter was +8.5% on a year earlier. The net margin on that income is 16.8%, +1.0 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Punjab National Bank's P/BV is 0.9×, near the high end of its own history: higher than 75% of past readings. Its usual P/BV (the middle reading) is 0.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.