Best bank stock to buy amid Q2 business updates: PNB, Canara, Union Bank, Indian Bank or Bandhan? Target Prices
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bank stocks ended Monday’s trading session in green after several lenders shared positive Q2 business updates.
- ✓Punjab National Bank reported 11.95% growth, while Canara Bank and Union Bank also showed progress.
- ✓Motilal Oswal gave a ‘Buy’ rating for PNB with a target price of ₹135 per share for investors.
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- MARKET
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- 3 Minute(s)
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- India Economy
Bank Q2 result updates: Bank stocks ended Monday’s trading session in green driven by a surge in bank stocks like HDFC Bank, Punjab National Bank, Canara Bank, Union Bank of India, Indian Bank and Bandhan Bank.
The strong momentum in banking stocks was triggered by updates shared by most of these financial institutions related to their corporate earnings for the second quarter of financial year 2026-27.
The Q2FY27 earnings in the bank stocks will likely be led by private banks, according to Motilal Oswal Financial Services report. Here are brokerage’s outlook for the bank stocks which recently released their Q2FY27 result updates.
Punjab National Bank Q2 update
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