PNB Plunges by 5%; BSE BANKEX Index Down 0.2%
July 23, 2019 02:48 PM

PNB share price has plunged 5% and is presently trading at Rs 73.

Meanwhile, the BSE BANKEX Index is at 33,189 (down 0.2%).

Among the top losers in the BSE BANKEX Index today is PNB (down 5.1%).

KOTAK MAHINDRA BANK (up 2.8%) and CITY UNION BANK (up 1.1%) are among the top gainers today.

Over the last one year, PNB has moved down from Rs 79 to Rs 73, registering a loss of Rs 6 (down 7.8%)..

The BSE BANKEX has moved up from 29,992 to 33,189, registering a gain of 3,197 points (up 10.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 50.2%), AXIS BANK (up 34.6%) and SBI (up 28.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,218 (down 0.2%). The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 2.8%). The most traded stocks in the BSE Sensex are POWER GRID and INFOSYS.

In the meantime, NSE Nifty is at 11,398 (down 0.3%). KOTAK MAHINDRA BANK (up 2.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,719 to 38,218, registering a gain of 1,499 points (up 3.4%).

PNB Financial Update...

PNB net profit down at Rs 47 billion for the quarter ended March 2019, compared to a loss of Rs 25 billion a year ago. Operating income declined 1.5% to Rs 128.4 billion during the period as against Rs 130.4 billion in January-March 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 2.5x.