Punjab National Bank fell 2.41% to Rs 932.70 at 13:34 IST on BSE after net profit rose 13.81% to Rs 575.34 crore on 11.92% rise in total income to Rs 13020.46 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced during market hours today, 21 October 2014.
Meanwhile, the BSE Sensex was up 117 points, or 0.44%, to 26,546.85
On BSE, so far 4.39 lakh shares were traded in the counter, compared with an average volume of 1.14 lakh shares in the past one quarter.
The stock saw high intraday volatility. The stock rose as much as 1.98% at the day's high of Rs 975.35 so far during the day. The stock fell as much as 3.94% at the day's low of Rs 918.70 so far during the day. The stock hit a 52-week high of Rs 1,068 on 26 May 2014. The stock hit a 52-week low of Rs 473.50 on 29 October 2013.
The stock had outperformed the market over the past one month till 20 October 2014, falling 2.09% compared with 2.44% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 3% as against Sensex's 3.07% rise.
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The large-cap bank has an equity capital of Rs 362.07 crore. Face value per share is Rs 10.
PNB's ratio of gross non-performing assets (NPAs) to gross advances stood at 5.65% as on 30 September 2014 as against 5.48% as on 30 June 2014 and 5.14% as on 30 September 2013. Ratio of net NPAs to net advances stood at 3.26% as on 30 September 2014 as against 3.02% as on 30 June 2014 and 3.07% as on 30 September 2013.
Provisions and contingencies fell 6.88% to Rs 1767.93 crore in Q2 September 2014 over Q2 September 2013. The provisioning coverage ratio as on 30 September 2014 stood at 59.1%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 11.79% as on 30 September 2014, compared with 11.52% as on 30 June 2014 and 11.62% as on 30 September 2013.
Government of India holds 58.87% in the bank as at 30 September 2014.
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