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BankingMedium impactAfter close

Emkay cuts PNB target price by 10% after Q4 margin miss

after close1 source ↓written by the desknot a recommendation

to ₹135
10%
NIM declined
2.47%

Emkay Global Financial Services has reduced its target price on Punjab National Bank by 10% to ₹135, citing shrinking margins and weak treasury performance. The bank's Net Interest Margin (NIM) declined to 2.47%, impacting earnings. Despite this, Emkay maintains a ‘Buy’ rating on the stock, indicating potential upside amid current challenges.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 7 May 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PNB closed −1.7% on the day of the news, from ₹109.11 to ₹107.24; Nifty −0.6% over the same session; futures OI +2.0%.

Bulletin at 16:06 IST on 7 May 2026. Every change is measured from ₹109.11, the last close before it, on 7 May. Nifty 50 is measured over the same sessions.

  • PNB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PNB closes around the bulletin against the close before the news, with Nifty 50 rebased to it98.46109.11119.76axis spans 22%before the news · 7 May109.11Nifty 50PNBbulletinD0+1+3+530 Apr13 May22 MayFutures open interest, lotspeak 41,000Reference close ₹109.11. 16 sessions from 30 Apr to 22 May; the price axis spans 22 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 May₹109.11basebase
On the day8 May₹107.24▼ −1.7%▼ −0.6%−1.1 pp difference
+1 session11 May₹104.62▼ −4.1%▼ −2.1%−2.0 pp difference
+3 sessions13 May₹102.77▼ −5.8%▼ −3.8%−2.0 pp difference
+5 sessions15 May₹102.05▼ −6.5%▼ −2.8%−3.7 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.21 on 8 May
Day's range, % · ₹
2.1%≈ 2.3 high to low
Volume on the day
1.27×the 20-session average
Futures OI on the day
▲ +2.0%+760 lots · short build-up · price −1.7%
Futures OI open, lots
39,0008 May · 26 May expiry
Futures premium, ₹
+0.48+0.5% to spot
Puts per call, by OI
0.65from 0.68 the session before
Max pain
110from 111 the session before

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