Punjab National Bank extends losses

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Capital Market
Last Updated : Sep 23 2020 | 2:04 PM IST

Punjab National Bank is quoting at Rs 29.2, down 2.83% on the day as on 13:24 IST on the NSE. The stock tumbled 55.86% in last one year as compared to a 4.13% slide in NIFTY and a 30.13% fall in the Nifty Bank index.

Punjab National Bank is down for a fifth straight session today. The stock is quoting at Rs 29.2, down 2.83% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.39% on the day, quoting at 11109.95. The Sensex is at 37594.41, down 0.37%.Punjab National Bank has lost around 17.28% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has eased around 7.64% in last one month and is currently quoting at 21139.1, down 0.24% on the day. The volume in the stock stood at 265.45 lakh shares today, compared to the daily average of 284.9 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 29.2, down 2.67% on the day. Punjab National Bank tumbled 55.86% in last one year as compared to a 4.13% slide in NIFTY and a 30.13% fall in the Nifty Bank index.

The PE of the stock is 0 based on TTM earnings ending June 20.

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First Published: Sep 23 2020 | 1:35 PM IST

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