New Delhi, July 20 -- Shares of state-owned Punjab National Bank (PNB) jumped 5.6% to hit a two-month high of Rs.111.70 apiece during Monday's trade, 20 July, defying the weak sentiment on Dalal Street as investors cheered the bank's strong performance for the quarter ended June.

The bank reported a healthy Q1FY27, with net profit surging 214% year-on-year to Rs.5,253 crore, driven by improving core operating performance and continued strengthening in asset quality. The state-owned lender had posted a net profit of Rs.1,675 crore in the corresponding quarter of the previous year.

On the operational front, net interest income (NII) increased 4% quarter-on-quarter, while net interest margin (NIM) expanded by 6 basis points sequentially, a...