Punjab & Sind Bank rose 3.96% to Rs 15.49 amid bargain hunting after a recent slide.
Shares of the public sector bank have lost 7.68% in five sessions to end at Rs 14.90 in yesterday's session from its recent closing high of Rs 16.14 recorded on 23 April 2020.
Punjab & Sind Bank scheduled a board meeting on 5 May 2020 to consider raising equity capital up to an amount of Rs 500 crore through QIP route in one or more tranches within the next 12 months. The announcement was made after market hours yesterday, 29 April 2020.
Punjab & Sind Bank is a commercial bank. The bank offers its customers a wide range of banking products and services. Government of India held 83.06% stake in the bank as on 31 December 2019.
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