PNB shares jump 6% as Q1 profit soars 214%, beats Street estimates. What next?

Punjab National Bank (PNB) shares surged 6% to Rs 111.68 after the PSU lender reported a 214% YoY jump in Q1 FY27 profit, beating Street estimates by 17%. Net interest income rose 2% YoY to Rs 10,798 crore, while global advances grew 13% YoY to Rs 12.73 lakh crore. Asset quality improved sharply with gross NPAs falling to 2.78% from 3.78% a year ago. Brokerages were bullish, with JM Financial upgrading the stock to 'Add' (target Rs 120) and Motilal Oswal reiterating a 'Buy' (target Rs 135).