PNB shares jump 4% after Q4 results but Jefferies, Motilal, other brokerages are cutting target prices; here’s why

Punjab National Bank shares saw a significant jump on Wednesday. The lender reported a 14% rise in net profit for the fourth quarter of FY26. This positive result led brokerages to maintain their ‘Buy’ ratings. However, some target prices were revised by the brokerages. The bank also announced a dividend of Rs 3 per equity share.

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