PNB Surges by 11%; BSE BANKEX Index Up 3.3%

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PNB Surges by 11%; BSE BANKEX Index Up 3.3%
Mon, 1 Jun 03:01 PM

PNB share price has zoomed 11% and is presently trading at Rs 30.

Meanwhile, the BSE BANKEX Index is at 23,209 (up 3.3%).

Among the top Gainers in the BSE BANKEX Index today is PNB (up 10.6%).

Over the last one year, PNB has moved down from Rs 82 to Rs 30, registering a loss of Rs 52 (down 63.7%).

On the other hand, the BSE BANKEX has moved down from 35,186 to 23,209, loss of 11,977 points (down 35.0%) during the last 12 months.

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What About the Benchmark Indices?

The BSE Sensex is at 33,674 (up 2.9%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 10.4%), TITAN (up 8.2%) and TATA STEEL (up 7.4%). Other gainers include SBI (up 6.6%) and M&M (up 6.1%). The most traded stocks in the BSE Sensex are SBI and POWER GRID.

In the meantime, NSE Nifty is at 9,932 (up 2.7%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 10.7%), BAJAJ FINSERV (up 8.5%) and TITAN (up 8.0%). Other gainers include TATA STEEL (up 7.2%) and M&M (up 5.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,502 to 33,674, registering a loss of 5,828 points (down 15.52%).

PNB Financial Update...

PNB net profit declined 80.4% YoY to Rs 5 billion for the quarter ended December 2019, compared to a loss of Rs 25 billion a year ago. Operating income rose 4.0% to Rs 135.6 billion during the period as against Rs 130.4 billion in October-December 2018.

For the year ended March 2019, PNB reported 21.1% decrease in net profit to Rs 95.7 billion compared to net profit of Rs 121.3 billion during FY18.

Revenue of the company grew 7.0% to Rs 521 billion during FY19.

The current Price to earnings ratio of PNB, based on rolling 12 month earnings, stands at down 3.7x.



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