PNB Plunges by 5%; BSE BANKEX Index Down 11.1%

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PNB Plunges by 5%; BSE BANKEX Index Down 11.1%
Mon, 23 Mar 09:52 AM

PNB share price has plunged 5% and is presently trading at Rs 37.

Meanwhile, the BSE BANKEX Index is at 21,676 (down 11.1%).

Among the top losers in the BSE BANKEX Index today are PNB (down 5.4%) and KOTAK MAHINDRA BANK (down 8.8%).

Over the last one year, PNB has moved down from Rs 94 to Rs 37, registering a loss of Rs 57 (down 60.7%)..

The BSE BANKEX has moved down from 33,402 to 21,676, loss of 11,726 points (down 35.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

Read Now: When the Dust Settles, This Stock Would Have Potentially Created Millionaires

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.3%).

In the meantime, NSE Nifty is at 8,159 (down 9.5%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.33%).

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 4.5x.



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