Default values for lookup is not showing after running PNP command successfully using Set-PnPField

[VijayaRimmalapudi]

Default values for lookup is not showing in the library after running PNP command successfully using Set-PnPField. Also will the default values set through PNP shown in the Search results page?

Set-PnPField -List "Listname" -Identity "Columnname" -Values @{DefaultValue="1;#Value"}