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Business
PNB shares rise 2% after Q2 profit jumps 13%
✍️ Business Today
🗓 29 Oct 2026, 12:32 PM
👁 25
Punjab National Bank reported a 13% increase in its second‑quarter net profit, prompting its stock to climb about 2%.
Punjab National Bank announced that its net profit for the second quarter rose 13% compared with the same period last year, according to Business Today. The bank did not disclose the exact profit figure in the brief report, but the percentage gain signals a notable improvement in earnings.
Following the earnings announcement, the bank's shares on the Indian stock exchanges edged up roughly 2% during trading. The modest rally reflected investor confidence in the bank's ability to sustain higher profitability amid a challenging banking environment.
Analysts noted that the profit growth could be driven by better asset quality, higher interest margins and cost‑control measures. While the rise in share price was modest, it underscores market optimism about the bank's ongoing turnaround efforts.
Following the earnings announcement, the bank's shares on the Indian stock exchanges edged up roughly 2% during trading. The modest rally reflected investor confidence in the bank's ability to sustain higher profitability amid a challenging banking environment.
Analysts noted that the profit growth could be driven by better asset quality, higher interest margins and cost‑control measures. While the rise in share price was modest, it underscores market optimism about the bank's ongoing turnaround efforts.