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PNB slips ex-dividend

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Meanwhile, the S&P BSE Sensex was down 156.79 points or 0.82% at 18,884.34.

On BSE, 18,000 shares were traded in the counter as against average daily volume of 1.07 lakh shares in the past one quarter.

The stock hit a high of Rs 729 and a low of Rs 721 so far during the day. The stock had hit a 52-week low of Rs 659 on 30 August 2012. The stock had hit a 52-week high of Rs 922.10 on 31 January 2013.

The stock had outperformed the market over the past one month till 12 June 2013, sliding 2.39% compared with the Sensex's 5.37% fall. The scrip had, however, underperformed the market in past one quarter, falling 6.3% as against Sensex's 2.68% decline.

 

The large-cap public sector bank has equity capital of Rs 353.47 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 3.57% based on the closing price of Rs 754.20 on Wednesday, 12 June 2013.

Punjab National Bank's net profit declined 20.6% to Rs 1130.80 crore on 5.4% growth in total income to Rs 11552.84 crore in Q4 March 2013 over Q4 March 2012.

The Government of India holds 57.87% stake in Punjab National Bank (as on 31 March 2013).

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First Published: Jun 13 2013 | 9:49 AM IST

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