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Punjab National Bank rises 2%

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Capital Market

Punjab National Bank is quoting at Rs 40.9, up 2% on the day as on 12:49 IST on the NSE. The stock is up 44.52% in last one year as compared to a 51.91% gain in NIFTY and a 65.74% gain in the Nifty Bank.

Punjab National Bank rose for a fifth straight session today. The stock is quoting at Rs 40.9, up 2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 17474.7. The Sensex is at 58607.13, down 0.88%. Punjab National Bank has added around 9.21% in last one month.

 

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has added around 0.67% in last one month and is currently quoting at 37425.1, down 0.93% on the day. The volume in the stock stood at 704.54 lakh shares today, compared to the daily average of 574.65 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 41.2, up 2.36% on the day. Punjab National Bank is up 44.52% in last one year as compared to a 51.91% gain in NIFTY and a 65.74% gain in the Nifty Bank index.

The PE of the stock is 16.08 based on TTM earnings ending June 21.

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First Published: Oct 01 2021 | 1:00 PM IST

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