PNB shares rise 2% after Q2FY26 profit climbs 14% YoY. Brokerage raises target price to Rs 122

Shares of Punjab National Bank gained 1.7% after the lender posted a 14% year-on-year rise in profit after tax for Q2FY26, supported by improved asset quality and steady business growth. Despite a slight dip in net interest income, operating profit and key financial ratios strengthened, with GNPA and NNPA levels improving and the Provision Coverage Ratio rising.