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Allahabad Bank rises for third straight session

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Capital Market

The stock is quoting at Rs 46.35, up 2.66% on the day as on 12:49 IST on the NSE. Allahabad Bank is down 38.08% in last one year as compared to a 12.09% jump in NIFTY and a 13.42% jump in the Nifty PSU Bank index.

Allahabad Bank rose for a third straight session today. The stock is quoting at Rs 46.35, up 2.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 11295.7. The Sensex is at 37421.9, up 0.23%. Allahabad Bank has gained around 10.89% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Allahabad Bank is a constituent, has gained around 15.38% in last one month and is currently quoting at 3093.7, up 4.18% on the day. The volume in the stock stood at 43.49 lakh shares today, compared to the daily average of 58.87 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 46.6, up 2.53% on the day. Allahabad Bank is down 38.08% in last one year as compared to a 12.09% jump in NIFTY and a 13.42% jump in the Nifty PSU Bank index.

The PE of the stock is 0 based on TTM earnings ending March 18.

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First Published: Jul 30 2018 | 1:05 PM IST

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