PNB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | PNB | Market Cap | 1,17,999 Cr. | Current Price | 103 ₹ | High / Low | 135 ₹ |
| Stock P/E | 6.98 | Book Value | 124 ₹ | Dividend Yield | 2.92 % | ROCE | 6.09 % |
| ROE | 12.5 % | Face Value | 2.00 ₹ | DMA 50 | 110 ₹ | DMA 200 | 113 ₹ |
| Chg in FII Hold | 0.46 % | Chg in DII Hold | -0.04 % | PAT Qtr | 5,225 Cr. | PAT Prev Qtr | 5,100 Cr. |
| RSI | 40.2 | MACD | -2.70 | Volume | 1,42,35,796 | Avg Vol 1Wk | 2,78,60,742 |
| Low price | 98.5 ₹ | High price | 135 ₹ | PEG Ratio | 0.08 | Debt to equity | 12.6 |
| 52w Index | 11.2 % | Qtr Profit Var | 14.4 % | EPS | 14.7 ₹ | Industry PE | 7.84 |
📈 Trend Analysis: PNB is trading at ₹103, below both the 50 DMA (₹110) and 200 DMA (₹113), indicating short-term and medium-term weakness. The stock has corrected from its 52-week high of ₹135 and is hovering near support levels.
📊 RSI: At 40.2, RSI suggests the stock is approaching oversold territory, which may limit further downside and hint at a potential rebound.
📉 MACD: Negative MACD (-2.70) confirms bearish momentum, aligning with weak price action below moving averages.
📌 Bollinger Bands: Price is near the lower band, signaling possible consolidation or a short-term bounce if support holds.
🔎 Volume Trends: Current volume (1,42,35,796) is below the 1-week average (2,78,60,742), showing reduced participation, which reflects cautious sentiment.
💡 Momentum Signals: Short-term momentum is weak. Optimal entry zone lies near ₹98–₹100 support levels. Exit/resistance zone is around ₹110–₹115, where selling pressure may emerge.
📌 Market Phase: The stock is consolidating with a bearish bias, attempting to stabilize near support after recent declines.
Positive
- 🚀 Quarterly PAT growth (₹5,225 Cr vs ₹5,100 Cr), up 14.4%.
- 💰 Attractive dividend yield of 2.92% provides income stability.
- 📈 EPS of ₹14.7 supports earnings visibility.
- 🌍 FII holdings increased by 0.46%, showing foreign investor confidence.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, signaling weakness.
- 📉 ROCE at 6.09% is modest compared to peers.
- 🔎 High debt-to-equity ratio (12.6) raises leverage concerns.
Company Negative News
- 📉 DII holdings decreased by 0.04%, showing reduced domestic institutional interest.
- ⚠️ Weak return metrics despite profit growth.
Company Positive News
- 📈 Quarterly PAT growth of 14.4% highlights operational improvement.
- 💡 EPS of ₹14.7 supports long-term earnings visibility.
- 🔒 Dividend yield of 2.92% adds investor appeal.
Industry
- 🏭 Industry PE at 7.84, slightly higher than PNB’s 6.98, suggesting undervaluation relative to peers.
- 📊 Sector benefits from banking and credit growth, though PNB faces efficiency challenges.
Conclusion
⚖️ PNB is consolidating with short-term weakness but supported by strong profit growth and attractive dividend yield. High debt levels and modest efficiency metrics remain concerns. Strategy: consider entry near ₹98–₹100 support zones and book profits around ₹110–₹115 resistance. The stock is consolidating with cautious bias, awaiting stronger momentum for a sustained recovery.