PNB shares jump 7% in 2 days after Q1 earnings. Should you buy, sell or hold?

Punjab National Bank (PNB) shares rallied over 7% in two days after the PSU lender reported a 214% YoY surge in Q1 FY27 net profit to Rs 5,253 crore, beating analyst estimates by 17%. Net interest income rose 2% YoY to Rs 10,798 crore, while gross NPAs improved to 2.78% from 3.78% a year ago. JM Financial upgraded its rating to 'Add' with a target of Rs 120, while Motilal Oswal reiterated a 'Buy' with a Rs 135 target.