Analyst Consensus (2 calls)
Punjab National Bank [PNB] shares climbed 4% after reporting a 14% profit rise and a ₹3 dividend for Q4 FY24. However, despite maintained 'Buy' ratings, brokerages like Jefferies and Motilal Oswal have revised their target prices lower.
Punjab National Bank [PNB] reported a 14% year-on-year consolidated net profit increase to ₹5,225 crore for Q4 FY26, alongside a recommended dividend of ₹3 per share and significant improvement in asset quality.
Canara HSBC Life Insurance has announced a strong financial performance for Q4 FY26, with net profit rising by 9% and Value of New Business (VNB) surging an impressive 49%.
The Reserve Bank of India's new Expected Credit Loss (ECL) framework is poised to be an ongoing factor affecting bank profitability, with Public Sector Undertaking (PSU) banks potentially facing a more significant impact compared to private banks with robust buffers.
Public Sector Undertaking (PSU) bank stocks witnessed a dip following the Reserve Bank of India's confirmation of the Expected Credit Loss (ECL) framework implementation from April 2027, raising concerns over future provisioning.
Leading brokerage firms have identified PNB Housing Finance [PNBHOUSING] and Fortis Healthcare [FORTIS] as potential long-term investment opportunities, projecting 10-20% returns by 2026.
PNB Housing Finance is targeting a robust 18-20% loan portfolio growth this fiscal year, driven by a strategic focus on affordable and emerging market segments, aiming for a ₹1,00,000 crore loan book by FY27.
Global brokerage firm Morgan Stanley has assigned an 'Overweight' rating to PNB Housing Finance [PNBHOUSING], projecting a significant upside of approximately 28% with a target price of ₹1,160.