PNB

Punjab National Bank · NSE · INE160A01022 · F&O · lot 8,000 · 272 sessions on record

₹109.57▼ −3.49 · −3.1%from ₹113.06 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹113.06
High: ₹113.38
Low: ₹109.37
Day's range: ₹4.03.5% of the previous close
VWAP: ₹111.42close −1.7% from it
Volume, shares: 1.1 cr0.82× the 20-session average
Turnover, ₹ crore: 130
Trades: 59,000190 shares per trade
Previous close: ₹113.06−3.49 to the close
Price band, next session: ₹98.60 – ₹120.5510% either side of the close · dynamic, widened in 5% steps when hit

Day range5% of the way up

₹109.37₹113.38

52-week range30% of the way up

₹98.50 18 May₹135.15 19 Jan

−19% from the high · +11% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

long unwinding

futures read

price −3.1% · OI 0.0%

+0.86

futures premium, ₹

+0.8% to spot ₹109.57

0.75

puts per call, by OI

by volume 0.64

115

max pain

+5.0% from the close

0.0%

futures OI on the day

−4.0 lots · 33,000 open

Long unwinding into a 26-day expiry: futures OI 0.0% on a −3.1% day, the most call OI sits at 120, the most put OI at 114, max pain 115.

Futures and options

1 Oct close · lot 8,000 · NSE end of day

PNB futures closed at ₹110.43, +0.8% to spot, with 93% of open interest in the 27 Oct contract, and the 110 straddle prices a move of about ±6.5% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹109.57

Futures by expiry, basis against the spot close ₹109.57
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹110.43	+0.86+0.8%	+11%	30,000▼ −0.2% · −56 lots	93	2,700
23 Nov53 days	₹111.08	+1.51+1.4%	+9.5%	2,200▲ +0.9% · +19 lots	6.6	130
29 Dec89 days	₹111.60	+2.03+1.9%	+7.6%	41▲ +412.5% · +33 lots	0.13	39

6.7% of futures OI sits beyond the 27 Oct contract · 51 of 70 listed contracts traded · 9,500 option contracts changed hands

Options27 Oct expiry · 26 days

The 110 straddle closed at ₹7.16 (call 3.86 + put 3.30), pricing a move of about ±6.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, PNB moved more than that 70 times.

Call OI, lots: 5,6004.5 cr shares
Put OI, lots: 4,2003.4 cr shares
Puts per call, by OI: 0.75by volume 0.64
Max pain: 115+5.0% from the close
Contracts traded: 51 of 70listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

1,400

120

680

115

470

114

720

340

110

380

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+210

120

+170

115

+160

110

109

+69

105

+54

100

+51

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

PNB close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹109.57▼ −3.1% on the previous close
Against Nifty 50: Nifty −0.9%−2.2 pp difference on the day
Futures OI, lots: 33,000−4.0 lots · 0.0% on the day
The day's build-up: long unwindingprice −3.1% · OI 0.0%
Against the averages: below 20 · below 5020-session ₹115.67 (−5.3%) · 50-session ₹115.12 (−4.8%)
Volume: 0.82×the previous 20 sessions · 1.1 cr shares
Extremes on the day: futures OI at a 60-session low

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, PNB closed higher five sessions later in 3 of 7.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
28 SeptBank strike postponed, SBI and HDFC Bank branches remain open	▼ −0.8%Nifty −0.3% · −0.5 pp	▲ +0.4%Nifty −0.7% · +1.1 pp	—not reached	▲ +3.4%short build-up
24 SeptBank unions announce nationwide strike from September 28	▼ −1.0%Nifty −1.6% · +0.6 pp	▼ −1.4%Nifty −1.3% · −0.1 pp	▼ −7.4%Nifty −4.4% · −3.0 pp	▲ +2.3%short build-up
27 JulPNB targets ₹20,000 cr profit by FY27 with steady growth	▲ +1.1%Nifty +1.0% · +0.2 pp	▲ +1.1%Nifty +0.9% · +0.2 pp	▲ +2.4%Nifty +4.2% · −1.9 pp	▼ −1.2%short covering
26 JulPNB targets ₹20,000 cr profit by FY27 with strong growth	▲ +1.1%Nifty +1.0% · +0.2 pp	▲ +1.1%Nifty +0.9% · +0.2 pp	▲ +2.4%Nifty +4.2% · −1.9 pp	▼ −1.2%short covering
22 JulPNB to launch acquisition finance business in Q3	▼ −1.2%Nifty −0.8% · −0.4 pp	▼ −1.7%Nifty −1.3% · −0.4 pp	▼ −0.9%Nifty +0.3% · −1.1 pp	▼ −1.8%long unwinding
19 JulBank Q1 results show strong profit growth amid margin pressures	▲ +5.7%Nifty −0.4% · +6.0 pp	▲ +6.0%Nifty −0.6% · +6.6 pp	▲ +5.5%Nifty −1.4% · +6.9 pp	▼ −4.8%short covering
10 MayPSU banks report mixed Q4 results, focus shifts to asset quality	▼ −2.4%Nifty −1.5% · −0.9 pp	▼ −4.2%Nifty −3.3% · −0.9 pp	▼ −7.2%Nifty −2.2% · −5.0 pp	▲ +0.2%short build-up
9 MayPSU banks report mixed Q4 results, focus on asset quality	▼ −2.4%Nifty −1.5% · −0.9 pp	▼ −4.2%Nifty −3.3% · −0.9 pp	▼ −7.2%Nifty −2.2% · −5.0 pp	▲ +0.2%short build-up

8 of 24 bulletins

Quarterly results

consolidated · latest filed 18 Jul, 04:24 pm IST · NSE filings

Revenue ₹33,589 cr, +3.1% on a year earlier; profit ₹5,339 cr, +190% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of PNB on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 18 Jul	₹33,589 cr	▲ +3.1%	₹5,339 cr	▲ +190%	5.06	▲ +5.7%Nifty −0.4% · +6.0 pp
Mar 2026filed 5 May · audited	₹32,798 cr	▲ +0.84%	₹5,225 cr	▲ +13%	4.83	▲ +2.1%Nifty +1.2% · +0.9 pp
Dec 2025filed 19 Jan	₹32,889 cr	▲ +3.1%	₹5,190 cr	▲ +12%	4.83	▼ −1.8%Nifty −1.4% · −0.4 pp
Sept 2025filed 18 Oct	₹65,085 cr	▲ +110%	₹6,681 cr	▲ +51%	6.30	▲ +3.9%Nifty +0.5% · +3.4 pp
Jun 2025filed 30 Jul	₹32,572 cr	▲ +12%	₹1,832 cr	▼ −51%	1.84	▼ −2.5%Nifty −0.3% · −2.2 pp
Mar 2025filed 7 May · audited	₹32,523 cr	▲ +13%	₹4,643 cr	▲ +50%	4.34	▼ −3.1%Nifty −0.6% · −2.5 pp
Dec 2024filed 31 Jan	₹31,895 cr	▲ +15%	₹4,649 cr	▲ +110%	4.18	▼ −1.8%Nifty −0.1% · −1.7 pp
Sept 2024filed 28 Oct	₹30,447 cr	▲ +13%	₹4,432 cr	▲ +150%	4.27	▲ +2.7%Nifty +0.5% · +2.2 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of PNB on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹1,63,344 cr	▲ +32%	₹18,928 cr	▲ +8.5%	17.80
FY25to Mar 2025	₹1,24,010 cr	—	₹17,440 cr	—	16.40

Fundamentals

consolidated · filings to Jun 2026 · close ₹109.57 on 1 Oct

PNB trades at 5.2 times trailing earnings against 7.9 for its industry, revenue +29% over twelve months, a 5.5% dividend yield, market cap ₹1,30,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹1,30,000 cron 1 Oct · free float ₹38,000 cr
Price to earnings: 5.2consolidated · four quarters to Jun 2026 · industry 7.9
Trailing EPS: ₹21.02diluted · consolidated · four quarters to Jun 2026
Price to book: —no balance sheet filed yet
Book value a share: —no equity line in the filing
Debt to equity: —no equity line in the filing
Return on equity: —needs two filed balance sheets
Dividend yield: 5.5%₹6.00 a share in 365 days
Face value: ₹2a share
Shares outstanding: 1,149 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹1,64,361 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +29%against the twelve months before
Revenue 2-year CAGR: ▲ +21%trailing twelve months against the twelve months 2 years earlier · consolidated
Profit, trailing 12 months: ₹22,435 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +44%against the twelve months before
Profit 2-year CAGR: ▲ +44%trailing twelve months against the twelve months 2 years earlier · consolidated

PeersBSE sub-group Public Sector Bank · F&O stocks with filings on record · industry P/E 7.9, market caps over trailing profit of 8 stocks

Stocks in the BSE sub-group Public Sector Bank with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
SBINState Bank of India	8,80,000 cron 1 Oct	10consolidated	—	₹954.10
UNIONBANKUnion Bank of India	1,30,000 cron 1 Oct	6.2consolidated	—	₹167.60
PNBPunjab National Bank	1,30,000 cron 1 Oct	5.2consolidated	—	₹109.55
BANKBARODABank of Baroda	1,20,000 cron 1 Oct	6.6consolidated	—	₹230.80
CANBKCanara Bank	1,10,000 cron 1 Oct	5.4consolidated	—	₹118.35
INDIANBIndian Bank	1,10,000 cron 1 Oct	8.4consolidated	—	₹793.15
MAHABANKBank of Maharashtra	62,000 cron 1 Oct	8.2consolidated	—	₹80.50
BANKINDIABank of India	59,000 cron 1 Oct	5.0consolidated	—	₹129.50
IOBIndian Overseas Bank	59,000 cron 1 Oct	—	—	₹30.40
UCOBANKUCO Bank	29,000 cron 1 Oct	—	—	₹22.95
CENTRALBKCentral Bank of India	27,000 cron 1 Oct	—	—	₹30.00
PSBPunjab & Sind Bank	15,000 cron 1 Oct	—	—	₹20.95

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 70.1%, foreign portfolio investors 5.9%, mutual funds 6.5% and insurance companies 9.4%, as filed for the quarter to 30 Jun.

70.1%9.4%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of PNB by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	70.080.00 pp	70.080.00 pp	70.080.00 pp	70.080.00 pp	70.08
Foreign portfolio investors	5.93▼ −0.46 pp	6.39▲ +0.46 pp	5.93▲ +0.26 pp	5.67▲ +0.15 pp	5.52
Mutual funds	6.51▲ +0.28 pp	6.23▲ +0.02 pp	6.21▲ +0.69 pp	5.52▲ +0.40 pp	5.12
Insurance companies	9.40▼ −0.02 pp	9.42▼ −0.09 pp	9.51▼ −0.34 pp	9.85▲ +0.02 pp	9.83
Banks and financial institutions	0.15▼ −0.25 pp	0.40▲ +0.03 pp	0.37▲ +0.20 pp	0.17▲ +0.06 pp	0.11
Individual investors	7.21▲ +0.40 pp	6.81▼ −0.38 pp	7.19▼ −0.73 pp	7.92▼ −0.64 pp	8.56
Bodies corporate	0.32▼ −0.09 pp	0.41▼ −0.06 pp	0.47▼ −0.04 pp	0.510.00 pp	0.51
Others	0.40▲ +0.14 pp	0.26▲ +0.01 pp	0.25▼ −0.03 pp	0.28▲ +0.01 pp	0.27

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹3.00 a share, ex-date 12 Jun 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of PNB, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
12 Jun 2026	dividend	₹3.00	13 Jun 2026	BSE
20 Jun 2025	dividend	₹2.90	20 Jun 2025	BSE
21 Jun 2024	dividend	₹1.50	—	BSE
21 Jun 2024	otherAnnual General Meeting	—	—	NSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹6.00a share · ex-dates inside the year
Last dividend: ₹3.00ex-date 12 Jun 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

PNB is −6.3% over 20 sessions against Nifty's −6.2%, 19% below its 52-week high, realised volatility 22% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	PNB %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹107.79	▲ +1.6%	▼ −9.1%	+11
120 sessionssince 9 Apr	₹109.59	−0.02%	▼ −5.7%	+5.7
60 sessionssince 8 Jul	₹100.95	▲ +8.5%	▼ −6.1%	+15
20 sessionssince 2 Sept	₹117.00	▼ −6.3%	▼ −6.2%	−0.11
5 sessionssince 24 Sept	₹117.12	▼ −6.4%	▼ −2.8%	−3.7
1 sessionsince 30 Sept	₹113.06	▼ −3.1%	▼ −0.88%	−2.2

Averages of the closeclose against each average

5-session average: ₹112.72close −2.8% from it
20-session average: ₹115.67close −5.3% from it
50-session average: ₹115.12close −4.8% from it
200-session average: ₹114.39close −4.2% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹2.72.4% of the close
Average day's range, 20: ₹2.32.1% of the close
Volume against 20 sessions: 0.82×1.1 cr vs 1.3 cr average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 22%≈ ±1.4% a session · moved more than that on 4 of 20
Realised volatility, 60: 22%≈ ±1.4% a session · moved more than that on 9 of 60
Realised volatility, 250: 27%≈ ±1.7% a session · moved more than that on 66 of 250
Beta to Nifty, 60: 0.88moved with Nifty on 38 of 60 sessions
Beta to Nifty, 250: 1.29moved with Nifty on 169 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 8 up · 12 downof 20
Last 60 sessions: 33 up · 26 downof 59
Last 250 sessions: 130 up · 119 downof 249
Best session, 250: ▲ +6.3%8 Apr
Worst session, 250: ▼ −5.4%23 Mar

Punjab National Bank is in 17 NSE indices

all 17 indices

30 bulletins on PNB

latest 28 Sept 2026

Beats in the coverage

Often mentioned with

September 2026

28 Sept Bank strike postponed, SBI and HDFC Bank branches remain openThe all-India bank strike has been postponed after discussions between the Indian Banks Association and the United Forum of Bank Unions. SBI, HDFC Bank, and PNB branches will remain operational as usual, allowing for normal banking activities.Medium 24 Sept Bank unions announce nationwide strike from September 28Bank unions have announced a three-day nationwide strike from September 28–30, 2026, urging customers to complete branch-related work by September 25. Major banks like PNB and SBI will keep ATMs and digital services operational during the strike.Medium

July 2026

27 Jul PNB targets ₹20,000 cr profit by FY27 with steady growthPunjab National Bank aims for ₹20,000 crore profit by FY27, following a net profit of ₹16,904 crore last year. The bank has maintained over ₹5,000 crore in quarterly profits, signaling strong financial performance.High 26 Jul PNB targets ₹20,000 cr profit by FY27 with strong growthPunjab National Bank aims for a net profit of ₹20,000 crore by FY27, building on last year's profit of ₹16,904 crore. The bank has consistently reported over ₹5,000 crore in quarterly profits, indicating strong growth potential.High 22 Jul PNB to launch acquisition finance business in Q3Punjab National Bank will enter the acquisition finance sector in Q3 FY2024, following RBI's new guidelines allowing lending up to 75% of deal value. CEO Ashok Chandra highlighted plans to partner with domestic entities to diversify the bank's asset portfolio.Medium 19 Jul Bank Q1 results show strong profit growth amid margin pressuresIndia's major banks, including PNB, Axis, and Kotak, reported strong Q1 profit growth driven by lower provisions and improving asset quality. However, margin pressures remain a concern, affecting investor sentiment in the banking sector.Medium

May 2026

10 May PSU banks report mixed Q4 results, focus shifts to asset qualityPSU banking stocks are under scrutiny following mixed Q4 FY26 results. SBI reported a 5.6% YoY profit rise to ₹19,683.75 cr, while Bank of Baroda's profit increased by 11.25% to ₹5,615.68 cr, highlighting a shift in investor focus towards asset quality and margins.Medium 9 May PSU banks report mixed Q4 results, focus on asset qualityPSU banks reported mixed Q4 FY26 results, with SBI's net profit rising 5.6% to ₹19,683.75 cr, BoB's profit up 11.25% to ₹5,615.68 cr, and PNB's profit increasing 14.41%. Market focus is shifting to asset quality and margin trends.Medium 8 May PNB Housing Finance receives CARE AAA credit upgradePNB Housing Finance Limited received a credit upgrade to CARE AAA; Stable from CARE Ratings, reflecting strong market position and solid capitalisation. Short-term ratings reaffirmed at CARE A1+. This upgrade may enhance investor confidence and lower borrowing costs.High 7 May Emkay cuts PNB target price by 10% after Q4 margin missEmkay Global Financial Services cut its target price on Punjab National Bank by 10% to ₹135, citing shrinking margins and weak treasury performance. The bank's Net Interest Margin declined to 2.47%, impacting earnings, but Emkay retains a 'Buy' rating.Medium

March 2026

27 Mar PSU banks decline up to 5% as bond yields surgePSU banks including Bank of Baroda and Canara Bank saw declines up to 5% on 27 Mar due to a sharp rise in the Indian 10-year bond yield to 6.9%. This surge raised investor concerns over fiscal sustainability amid rising borrowing costs.High 27 Mar PSU banks plunge amid market rout, UCO and BoB hit hardestPSU bank stocks fell up to 5% amid a broader market selloff, with Punjab National Bank down nearly 5%. The Nifty PSU Bank index dropped 3.4%, resulting in an investor wealth loss of over ₹8 lakh cr.High 18 Mar PSU banks see up to 15% decline amid rising bond yieldsState Bank of India, Bank of Baroda, and Punjab National Bank have seen shares decline 12-15% this month due to rising bond yields. The NIFTY PSU Bank index has dropped 12.6%, indicating potential profitability pressures for these banks.High

December 2025

28 Dec PNB reports ₹2,434 crore fraud involving Srei Group companiesPunjab National Bank reported a ₹2,434 crore fraud involving Srei Group companies, confirming full recovery with 100% provisioning. The bank assured that this incident will not impact its financial position, having informed the RBI about the matter.Medium 27 Dec PNB reports ₹2,434 crore loan fraud against Srei promotersPunjab National Bank declared a ₹2,434 crore loan fraud against former promoters of Srei Equipment Finance and Srei Infrastructure Finance, following a KPMG audit. PNB has made 100% provisions for these loans, which could affect public sector bank sentiment.High 23 Dec Nifty Bank futures show bullish intraday outlookNifty Bank index opened at 59,334, up 0.1% from yesterday. Key gainers include Kotak Mahindra Bank and Punjab National Bank, while ICICI Bank and IndusInd Bank are in the red. The support level at 59,350 indicates a bullish outlook for the day.Medium 18 Dec Major banks cut lending rates after RBI repo rate trimSBI, PNB, Canara Bank, and IOB have cut lending rates following RBI's repo rate reduction from 5.50% to 5.25%. Canara Bank's Repo Linked Benchmark Lending Rate is now 8%, effective from 12 Dec 2025, benefiting borrowers with lower EMIs.High 18 Dec Major banks cut lending rates after RBI repo rate reductionMajor banks including SBI, PNB, Canara Bank, and IOB have cut lending rates after RBI reduced the repo rate to 5.25%. Canara Bank's RLLR is now 8%, effective from 12 Dec 2025, benefiting borrowers with lower EMIs.Medium 11 Dec RBI cuts repo rate, banks to lower loan interest ratesHigh 9 Dec Banks reduce home loan rates following RBI repo cutMedium 9 Dec Bank of Baroda, PNB cut interest rates after RBI's repo rate cutMedium 8 Dec Nationalized banks reduce loan rates after RBI repo cutMedium 7 Dec Punjab National Bank cuts home loan rate to 8.10%Medium 3 Dec PSU bank stocks decline after FDI limit clarificationHigh 1 Dec Punjab National Bank share price near record highsMedium

November 2025

29 Nov PSU bank merger plan may consolidate smaller lendersHigh 19 Nov Moody's upgrades Punjab National Bank's credit ratingsMedium 17 Nov PSU bank stocks rise amid merger strategy reportsHigh 16 Nov Government considers major PSU bank mergersHigh 12 Nov SBI and PNB plan unified strategy for ₹1.2 lakh crore M&A marketMedium

About Punjab National Bank

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Punjab National Bank
Exchange: NSE · BSE 532461, group A
Listed on NSE: 24 Apr 2002
Classification: Financial Services › Banks › Public Sector Bank
Index: BSE 100
Face value: ₹2 a share
ISIN: INE160A01022
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 09:17 pm IST
Bulletins: 30 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.