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Business
Elara Securities rates PNB 'Buy' with 21% upside, targets INR 140
✍️ EquityBulls
🗓 20 Oct 2026, 01:18 PM
👁 11
Elara Securities has issued a positive outlook on Punjab National Bank following its Q2FY27 update, recommending a 'Buy' with a target price of INR 140.
Elara Securities has released a fresh research note on Punjab National Bank (PNB), highlighting the lender's resilient performance in the second quarter of fiscal year 2027. The brokerage firm has maintained a 'Buy' recommendation on the stock, citing an upbeat outlook for the financial institution.
In its Q2FY27 update, Elara Securities set a target price of INR 140 for PNB shares. This valuation implies a potential upside of 21% from the current market levels, suggesting that the bank is well-positioned for growth in the coming period.
The report emphasizes the bank's strong operational metrics and stability, which the analysts believe will drive investor interest. By focusing on the banking and financials sector, the brokerage underscores PNB's role as a key player in India's public sector banking landscape.
Investors are advised to monitor the bank's upcoming earnings and asset quality updates, as these factors will be critical in determining whether the stock can sustain its upward trajectory towards the projected target.
In its Q2FY27 update, Elara Securities set a target price of INR 140 for PNB shares. This valuation implies a potential upside of 21% from the current market levels, suggesting that the bank is well-positioned for growth in the coming period.
The report emphasizes the bank's strong operational metrics and stability, which the analysts believe will drive investor interest. By focusing on the banking and financials sector, the brokerage underscores PNB's role as a key player in India's public sector banking landscape.
Investors are advised to monitor the bank's upcoming earnings and asset quality updates, as these factors will be critical in determining whether the stock can sustain its upward trajectory towards the projected target.