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ICICI Securities Recommends Buying Punjab National Bank with Target of Rs 140
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Moneycontrol•19-10-2026, 15:37
ICICI Securities Recommends Buying Punjab National Bank with Target of Rs 140
- •ICICI Securities has issued a bullish research report on Punjab National Bank on October 18, 2026.
- •The brokerage firm has assigned a buy rating to the stock.
- •A target price of Rs 140 has been set for Punjab National Bank by ICICI Securities.
Key Questions Answered
ICICI Securities recommends a buy rating on Punjab National Bank with a target price of Rs 140 in its research report dated October 18, 2026.
Punjab National Bank reported an in-line Q2FY27 Profit After Tax of INR 55.3bn, which is up 13% year-on-year, supported by approximately 11% year-on-year net interest income growth.
Shares of Punjab National Bank gained up to 7% to 8% on Monday, October 19, 2026, reacting positively to their second-quarter results and placing the stock among the top gainers on the PSU Bank index.