PNB Plunges 4%; BSE BANKEX Index Down 1.5%
Mon, 6 Jan 11:24
Image source: KanawatTH/www.istockphoto.comPNB share price has plunged 4% and is presently trading at Rs 101.8.
Meanwhile, the BSE BANKEX index is at 57,065.2 (down 1.5%).
Among the top losers in the BSE BANKEX index today are Bank of Baroda (down 5.0%) and Kotak Bank (down 3.0%).
ICICI Bank is among the top gainers today.
Over the last one year, PNB has moved up from Rs 97.0 to Rs 101.8, registering a gain of Rs 4.8 (up 4.9%).
On the other hand, the BSE BANKEX index has moved up from 53,723.0 to 57,065.2, registering a gain of 6.2% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 31.6%), ICICI Bank (up 28.9%) and SBI (up 22.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 78,377.9 (down 1.1%).
The top losers among the BSE Sensex today are ITC (down 6.6%) and Tata Steel (down 3.9%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Motors.
In the meantime, NSE Nifty is at 23,765.0 (down 1.0%). ITC and Tata Steel are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,892.5 to 78,377.9, registering a gain of 6,485.4 points (up 9.0%).
PNB Financial Update...
PNB net profit grew 151.2% YoY to Rs 44,320 million for the quarter ended September 2024, compared to a profit of Rs 17,645 million a year ago. Net sales rose 13.4% to Rs 304,474 million during the period as against Rs 268,577 million in July-September 2023.
For the year ended March 2024, PNB reported 172.0% increase in net profit to Rs 91,072 million compared to net profit of Rs 33,485 million during FY23. Revenue of the company grew 25.6% to Rs 1,090,646 million during FY24.
The current Price to earnings ratio of PNB, based on rolling 12 month earnings, stands at 8.7.
Indian Share Market Update: Top Gainers and Losers
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