PNB Surges by 5%; BSE BANKEX Index Up 0.6%
March 5, 2019 12:14 PM

PNB share price has zoomed 5% and is presently trading at Rs 81.

Meanwhile, the BSE BANKEX Index is at 30,536 (up 0.6%).

Among the top Gainers in the BSE BANKEX Index today is PNB (up 5.1%).

HDFC BANK (down 0.6%) is among the top loser today.

Over the last one year, PNB has moved down from Rs 101 to Rs 81, registering a loss of Rs 20 (down 20.3%).

On the other hand, the BSE BANKEX has moved up from 28,072 to 30,536, registering a gain of 2,464 points (up 8.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 36.0%), ICICI BANK (up 16.5%) and KOTAK MAH. BANK (up 12.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,167 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 7.9%), TATA MOTORS DVR (up 7.2%) and HERO MOTOCORP (up 3.3%). Other gainers include COAL INDIA (up 2.7%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are TATA MOTORS and YES BANK.

In the meantime, NSE Nifty is at 10,902 (up 0.3%). TATA MOTORS (up 7.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,047 to 36,167, registering a gain of 2,120 points (up 6.1%).

PNB Financial Update...

PNB net profit down at Rs 25 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Operating income rose 7.1% to Rs 130.4 billion during the period as against Rs 121.8 billion in October-December 2017.

For the year ended March 2018, PNB reported 1496.5% decrease in net profit to Rs 125.8 billion compared to net profit of Rs 9.0 billion during FY17.

Revenue of the company grew 1.4% to Rs 487 billion during FY18.

The current Price to earnings ratio of PNB, based on rolling 12 month earnings, stands at down 1.0x.