# PNB Shares Jump 8% After Q2 Results Beat Estimates

> PNB shares surge 8% as Q2 earnings beat estimates, brokerages raise target prices.
- Title: PNB Shares Jump 8% After Q2 Results Beat Estimates | Shortify
- Summary: PNB shares surge 8% as Q2 earnings beat estimates, brokerages raise target prices. PNB's Q2 earnings exceeded estimates, with net profit rising 13% YoY to Rs…
- Keywords: pnbc, q2fy27, net profit, share price, target price, jefferies, motilal oswal, jm financial, money, business, PNB, Shares
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/pnb-shares-jump-8-after-q2-results-beat-estimates-jefferies-motilal-oswal-others-raise-target-prices/articleshow/135040821.cms
- Author: Debaroti Adhikary
- Published: 2026-10-19T05:35:00+00:00
- Read time: 1 min
- Topics: pnbc, q2fy27, net profit, share price, target price, jefferies, motilal oswal, jm financial, money, business
## PNB Q2 Earnings Report
PNB shares jumped 8% to Rs 125.22 on NSE after reporting better-than-expected Q2 earnings.
## Q2 Net Profit Growth
PNB reported a standalone net profit of Rs 5,532 crore for Q2 FY27, a 13% year-on-year increase from Rs 4,904 crore.
## Net Interest Income Rise
PNB's net interest income rose 11% YoY to Rs 11,601 crore in Q2 FY27, up from Rs 10,469 crore.
## Asset Quality Improvements
GNPA ratio dropped 90 basis points to 2.55%, net NPA ratio fell 11 bps to 0.25% in Q2 FY27.
## Jefferies Target Price
Jefferies raised PNB target price to Rs 140, implying over 20% upside from current Rs 116 share price.
## Motilal Oswal Analysis
Motilal Oswal maintained 'Buy' rating and raised target price to Rs 140, citing strong Q2 performance and margin expansion.
## JM Financial Upgrade
JM Financial upgraded PNB rating to 'Buy' from 'Add' and raised target price to Rs 140 from Rs 120.
## Brokers' Key Insights
Brokers highlighted improved net interest margins, lower provisions, and healthy asset quality as drivers of PNB's Q2 performance.
## Key takeaway

PNB's Q2 earnings exceeded estimates, with net profit rising 13% YoY to Rs 5,532 crore, prompting brokerages to increase target prices to Rs 140.