PNB Gilts was locked in the 20 per cent upper circuit and closed at Rs 27.45 after Punjab National Bank announced recently that it has initiated the disinvestment process for its entire stake in PNB Gilts.
PNB Gilts, a 74.07 per cent subsidiary of the state-run bank Punjab National Bank, is a primary market dealer. The total quantity traded on the counter was 13,05,807 as against the two-week average of 1,55,832 shares. The stock hit a 52-week high of Rs 54 on January 3, 2008 and a 52-week low of Rs 18.05 on July 2, 2008.
