NSE: PNB · 7 October 2026
- Punjab National Bank shares moved higher by 2.39% today, settling at 114.59 after touching an intraday high of 115.05 and a low of 110.63.
- Punjab National Bank released provisional business figures for the half year ended September 30, 2026. Global business grew 11.95% year-on-year to reach ₹3,119,790 crores, while global advances rose 14.80% year-on-year to ₹1,342,693 crores. Global deposits stood at ₹1,777,097 crores, reflecting a 9.90% increase compared to the corresponding period last year.
- Trading volume was 1.50 times the 20-day average daily volume.
Why is Punjab National Bank share price rising on 7 October 2026?
Punjab National Bank shares moved higher by 2.39% today, settling at 114.59 after touching an intraday high of 115.05 and a low of 110.63.
The broader market witnessed downward pressure, with the Nifty falling 0.76%. Against this backdrop, the stock's positive movement came on the heels of recent business update disclosures released for the quarter ended September 30, 2026.
The bank recently reported provisional business figures for the half year ended September 30, 2026, showing global business expanding to ₹3,119,790 crores, marking an 11.95% year-on-year growth.
1.81 crore shares traded by 7 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 1.20 crore shares (1.50 times). The five-day average daily volume was 94.65 lakh shares. Separately, the NSE report for 6 October 2026 showed 45.45 lakh shares delivered, representing 53.97% of that day’s traded volume. The same report recorded 40,985 trades.
The stock gained 2.39% with higher-than-average participation, aligning with recent provisional credit and deposit growth figures announced for the September quarter despite a weaker broader market.
Latest Company Developments
Punjab National Bank released provisional business figures for the half year ended September 30, 2026. Global business grew 11.95% year-on-year to reach ₹3,119,790 crores, while global advances rose 14.80% year-on-year to ₹1,342,693 crores. Global deposits stood at ₹1,777,097 crores, reflecting a 9.90% increase compared to the corresponding period last year.
It provides early visibility into the bank's deposit mobilization and credit off-take trends ahead of the formal financial results.
The company disclosed that its company secretary received an administrative warning letter from the SEBI Investigations Department regarding alleged violations of insider trading regulations by three designated persons and their immediate relatives between June 2024 and August 2024. The bank clarified that the letter is cautionary in nature and does not impose any financial penalty.
It highlights regulatory scrutiny on designated persons' trading compliance without causing direct financial impact on the bank.
Credit rating agencies Moody's Ratings, Fitch Ratings, and CareEdge Ratings assigned investment-grade ratings to the bank's newly established USD 1.50 billion Euro Medium Term Note program. Moody's assigned a (P)Baa3 senior unsecured rating, Fitch assigned BBB-, and CareEdge assigned a CareEdge BBB+/Stable long-term foreign currency issuer rating.
These international ratings establish the baseline credit framework for the bank's overseas debt issuance initiatives.
Q1 Results: HDFC Bank, ICICI Bank, Axis Bank Among 20+ Companies Reporting Earnings On July 18.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.51% on 30 June 2026. This compares with 6.23% on 31 March 2026, a change of +0.28 percentage points.
The filing reported 42 MF/UTI holders.
Research & Brokerage Views
Maintained a cautious stance on select public sector bank shares including PNB while favoring certain private sector peers.
Maintained a buy recommendation with a target price of 135 based on expected improvements in operating metrics.
What to Watch Next
- Upcoming formal quarterly financial results and auditor reviews for September 2026
- Credit growth and CASA deposit trends relative to provisional guidance
- Execution of the USD 1.50 billion Medium Term Note program overseas
- Delivery volume sustainability against the 20-day average volume benchmark
Other Dated Coverage
- Why PNB Shares Are Rising 2.54% Today: Price & Market Context | 5 October 2026 — 5 October 2026
- Why PNB Shares Fell 3.09% Today: Sector Weakness in Focus | 1 October 2026 — 1 October 2026
- Why PNB Shares Rose 1.17% Today: Stock Movement Analysis | 30 September 2026 — 30 September 2026
More Punjab National Bank news and dated analysis →
Frequently Asked Questions
What is the latest Punjab National Bank company news?
Punjab National Bank released provisional business figures for the half year ended September 30, 2026. Global business grew 11.95% year-on-year to reach ₹3,119,790 crores, while global advances rose 14.80% year-on-year to ₹1,342,693 crores. Global deposits stood at ₹1,777,097 crores, reflecting a 9.90% increase compared to the corresponding period last year.
How strong was Punjab National Bank’s trading volume?
1.81 crore shares traded, 1.50 times the 20-day average daily volume. The price and volume data are dated 7 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.