SMC Global said that PNB is witnessing a strong trend reversal on the daily chart after breaking its long-term moving average and a prolonged consolidation zone, indicating a fresh uptrend.
Master Capital Services said that Oberoi Realty has strengthened its short term technical structure following a decisive breakout above the Rs 1,760 resistance zone.
PNB shares: Thakkar noted that “a lot of shorts” had been built in several public sector banking names, and the recent move suggests some of those bearish positions are now being unwound.
An analyst from Anand Rathi said that Adani Green has delivered a strong rally over the past few months, but recent price action indicates that bullish momentum is gradually weakening.
Master Capital Services said that Vedanta is approaching a crucial breakout zone after forming a higher low structure within an ascending channel.
PNB Q3 results: MOFSL said while the overall business growth remained healthy, relatively faster growth in corporate and international advances contributed to margin pressure.
On Friday, PNB shares witnessed some pressure, closing 0.50 per cent lower at Rs 120.35 on the BSE against the previous close of Rs 120.95.
PSU bank stock: MOFSL has tweaked its earnings estimates and now expect RoA and RoE at 1.03 per cent and 15.4 per cent, respectively, in FY27. It suggested a target price of Rs 135 on the stock.
MOFSL reiterated its 'Buy' rating on PNB with a target price of Rs 130, noting that the stock trades at a discount to private players and some public sector peers.
SMC Global Securities said that Punjab National Bank has achieved strong business growth and improved asset quality in Q4FY25, reflecting consistency, continuity, and long-term resilience.
PNB Q4 review: Nirmal Bang said PNB's Q4 profit was supported by robust growth in other income, advances and deposits. NIMs declined, owing to a fall in yield on advances.
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