Banking stocks saw strong traction in today’s trading session, with Equitas Small Finance Bank and Punjab National Bank (PNB) breaking out of consolidation zones, attracting investor interest.

Equitas Small Finance Bank Ltd. (CMP- 66, Stop Loss – ₹60) jumped 4% on Monday, breaking out of a tight consolidation channel with supportive volumes. Technical indicators hint at a potential golden crossover between the 9-day and 21-day moving averages, which typically signals a bullish trend. Traders should be watching upcoming sessions closely for confirmation of this breakout’s strength and sustainability.

Source: NSE

Equitas SFB continues to position itself as a key player in the retail and digital banking space, catering to underserved segments through micro-finance, commercial vehicle loans, home finance, loans against property, and financial support for micro and small enterprises (MSEs). The stock is currently trading at ₹66, with a stop loss advised at ₹60 for risk-managed positioning.

Punjab National Bank (CMP- ₹108, Stop Loss – ₹100) gained 3% in today’s session, breaking out on healthy volumes after days of tight price consolidation. The move suggests renewed buying interest and a shift in near-term sentiment. Traders are advised to apply disciplined risk management to ensure a balanced risk-reward setup.

Source: NSE

PNB offers a wide array of banking and financial services, including corporate and personal banking, agricultural and industrial finance, and international trade support. With its deep presence across retail and institutional segments, PNB remains a key stock to monitor amid rising interest in PSU banks.

With strong volume-backed breakouts, both Equitas Small Finance Bank and Punjab National Bank have entered the spotlight. Their price movements in the coming days will likely determine the sustainability of this bullish trend.

Note: Charts and prices are as of 12 PM.

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