Shares of Punjab National Bank today rose by over five per cent after the company reported an increase of 2.2 per cent in net profit for the second quarter of the current fiscal.
The stock went up 5.07 per cent to end at Rs 207.30 on BSE. During the day, it gained 7.42 per cent to Rs 211.95.
At NSE, shares of the company rose by 5.24 per cent to close at Rs 207.80.
The company's market valuation also climbed Rs 1,004.78 crore to Rs 44,112.78 crore.
In terms of equity volume, 112.36 lakh shares of the company were traded on BSE and over 9 crore shares changed hands at NSE during the day.
Punjab National Bank today reported a modest rise of 2.2 per cent in net profit to Rs 561 crore for the second quarter of the current fiscal.
The state-owned bank had registered a net profit of Rs 549 crore in the July-September quarter of last fiscal.
Its total income during the September quarter of 2017-18 was up at Rs 14,205.31 crore as against Rs 13,638.64 crore in the year-ago period.
The bank's gross non performing assets stood at 13.31 per cent of gross advances at the end of September quarter and net NPAs were 8.44 per cent of net advances.
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