# PNB shares surge 6% as Q1 profit jumps 214% Punjab National Bank beats market estimates with a 214% increase in Q1 profit. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-20 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/fc91eb28-689c-4929-9c81-8b7d15e52445 ## Sharp rise in PNB shares Punjab National Bank (PNB) shares surged 6% as Q1 FY27 net profit jumped 214%, surpassing market estimates and attracting investor interest. ## Strong asset quality PNB's asset quality improved significantly, with gross non-performing assets (GNPA) ratio dropping to 2.78%, marking a notable improvement from the previous year. ## Upgrades from brokerages JM Financial upgraded PNB shares from 'Reduce' to 'Add' and raised the target price from Rs 110 to Rs 120. Motilal Oswal reiterated its 'Buy' recommendation with a target price of Rs 135. ## Increase in net interest income PNB's net interest income (NII) rose by 2% to Rs 10,798 crore, supported by lower funding costs and improved asset quality. ## Loan growth and deposit increase PNB's global loan growth increased by 13% to Rs 12.73 lakh crore, while deposits grew by 8% to Rs 5.69 lakh crore. ## Future expectations PNB's future performance could strengthen further with improving asset quality and increasing net interest margins, making it an attractive option for investors. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/pnb-shares-jump-6-as-q1-profit-soars-214-beats-street-estimates-what-next/articleshow/132506317.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._