Global brokerage firm Jefferies has reinforced its bullish stance on Punjab National Bank by maintaining its 'Buy' rating while revising the target price upward to ₹150.00 per share. This development reflects the brokerage's continued confidence in the public sector bank's operational performance and strategic direction.

Analyst Recommendation Details

The brokerage firm's decision to maintain its 'Buy' rating demonstrates sustained optimism about PNB's investment potential in the current market environment. The simultaneous increase in the target price to ₹150.00 suggests that Jefferies has identified factors that support a higher valuation for the bank's shares.

Market Implications

The maintained 'Buy' rating coupled with an enhanced target price indicates that Jefferies views Punjab National Bank as well-positioned within the banking sector. This positive assessment from a prominent global brokerage may influence investor sentiment and trading activity in PNB shares.

The upward revision in the target price reflects the analyst's assessment of the bank's fundamental strengths and potential for value creation. Such recommendations typically consider various factors including financial performance, asset quality, and growth prospects, though specific reasoning behind this particular rating update was not detailed in the available information.

Punjab National Bank has made available the audio and video recording of its earnings call with analysts and investors, conducted to discuss the bank's unaudited financial results for the quarter and nine months ended December 31, 2025. The announcement was made through a regulatory filing on January 19, 2026, ensuring transparency and accessibility for stakeholders.

Earnings Call Details

The earnings call was held on January 19, 2026, at 4:00 PM IST, providing a platform for detailed discussion of Punjab National Bank's Q3FY26 financial performance. The session covered the bank's unaudited reviewed financial results for both the quarter and nine-month period ending December 31, 2025.

Regulatory Compliance

The recording availability was communicated in compliance with Regulation 30 read with Clause 15(b) of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015. This regulatory framework mandates listed companies to provide access to earnings call recordings, ensuring transparency in financial communication with investors and analysts.

Access Information

Stakeholders can access the complete audio and video recording of the earnings call through Punjab National Bank's official website at the financials section. The bank had previously intimated the stock exchanges about the scheduled earnings call on January 13, 2026, as part of its regular disclosure practices.

The communication was signed by Bikramjit Shom, Company Secretary of Punjab National Bank, and filed with both the National Stock Exchange of India Limited and BSE Limited on January 19, 2026.