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Punjab National Bank spurts 1.6%

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Capital Market

Punjab National Bank is quoting at Rs 38.05, up 1.6% on the day as on 12:54 IST on the NSE. The stock is up 13.08% in last one year as compared to a 52.44% gain in NIFTY and a 59.69% gain in the Nifty Bank index.

Punjab National Bank rose for a third straight session today. The stock is quoting at Rs 38.05, up 1.6% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 17277.65. The Sensex is at 57991.31, up 0.24%. Punjab National Bank has dropped around 3.43% in last one month.

 

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has dropped around 2% in last one month and is currently quoting at 36831.3, down 0.23% on the day. The volume in the stock stood at 357.47 lakh shares today, compared to the daily average of 453.54 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 38.2, up 1.6% on the day. Punjab National Bank is up 13.08% in last one year as compared to a 52.44% gain in NIFTY and a 59.69% gain in the Nifty Bank index.

The PE of the stock is 15.06 based on TTM earnings ending June 21.

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First Published: Sep 03 2021 | 1:05 PM IST

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