PNB Bounces From 200-DMA: SEBI RA Kapil Aggarwal Sees Nearly 10% Upside 

Punjab National Bank (PNB) stock presents an interesting short-term trading opportunity with nearly 10% upside to the current market price, according to SEBI-registered analyst Kapil Aggarwal.

Traders could enter long positions at current levels of ₹102.7, with a target price of ₹112, the recent swing high, Aggarwal suggested. He placed a stop loss at ₹101.8.

On the daily charts, the stock came off its 200-day moving average, a level typically regarded as a key support zone.

The recent price correction appears to follow a common a-b-c three-wave pattern, he noted, adding that this setup supports their broader long bias on the stock. In this case, the a=c scenario indicates that the correction could be over, and the stock could continue its upward move.

At the time of writing, PNB shares were trading 2.7% higher.

Data on Stocktwits shows the retail sentiment on Stocktwits remained ‘bullish’.

The bank reported a 52% increase in net profit for Q4 FY25, accompanied by an increase in net interest income and a decrease in bad loans.

In other news, a special court in Mumbai ordered the Enforcement Directorate (ED) to release assets worth around ₹60 crore, including jewellery, cash, and a flat, linked to Nirav Modi, in favor of PNB.

This pertains to the 2018 Punjab National Bank scam in which jeweller Nirav Modi and his associates stole around ₹12,000 crores from the bank using fraudulent letters of undertaking.

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