- PNB's price sharing price below the psychological level of Rs 100 favors sellers to remain controlled as income investors after income.
The Punjab National Bank (NSE: PNB) shares the price that remained on Dowstrend on Thursday while entrepreneurs have booked the revenue following the bank's revenue. Stock exchanged at Rs 93.00, down 1.33% at the time of press. The announcement of the bank of a 145% dividend, failed to change the stock trajectory. PNB's price sharing price below the psychological level of Rs 100 is likely to exacerbate the bearish sentiment in the near term.
PNB announced that the state owned a 51% yoy spike in the net profit at Rs 4,567 crore in the quarter ended on March 31 2025. Net Interest Income (NII) grew 3% hit by Rs 10,757 crore. The bank has expressed its strong income in growing technically recovered in loans, treasury revenue and business growth. Also, according to the CEO and MD Ashok Chandra, the PNB has a strong enough cash of 17%, and there is no rush to raise capital by selling equity.
Falling in the PNB's sharing price is often linked to earning investors, and its strong foundations are likely to see it reverse recent losses in the coming days. The stock gained 10% in March and 4.24% in April putting many of the investors in revenue positions.
However, it lost 24% of its value in the last 12 months, putting it below the average weighted average transfer (VWMA), currently in the RS106 on the monthly chart. However, the RS 100 support of support may be the spark required to generate traction for upside down.
PNB's Sharing Price Proposal
The momentum with PNB shares the signal control of the seller under the pivot score at Rs 94.45. The stock is likely to find its initial support at Rs 91.90. However, that the price action can go down and try Rs 89.90 if the seller expands their control.
See also
Alternatively, the momentum will move upside down if the price breaks above Rs 94.45. With consumer control, the PNB's sharing price is likely to be higher and to find initial resistance to Rs 96.00. Breaking the upper level will prove the downside narrative, and can also clear the path to test Rs 98.00.
