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Punjab & Sind Bank eases for fifth straight session

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Capital Market
Last Updated : Feb 17 2023 | 1:50 PM IST

Punjab & Sind Bank is quoting at Rs 27.1, down 1.81% on the day as on 13:19 IST on the NSE. The stock jumped 12.76% in last one year as compared to a 3.8% rally in NIFTY and a 34.68% spurt in the Nifty Pharma index.

Punjab & Sind Bank fell for a fifth straight session today. The stock is quoting at Rs 27.1, down 1.81% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 17932.35. The Sensex is at 60952.13, down 0.6%.Punjab & Sind Bank has lost around 13.97% in last one month.Meanwhile, Nifty Pharma index of which Punjab & Sind Bank is a constituent, has eased around 9.7% in last one month and is currently quoting at 3871.05, down 1.7% on the day. The volume in the stock stood at 5.5 lakh shares today, compared to the daily average of 14.97 lakh shares in last one month.

The PE of the stock is 15.62 based on TTM earnings ending December 22.

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First Published: Feb 17 2023 | 1:35 PM IST

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