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PNB Gains 4%; BSE BANKEX Index Down 0.7%
Fri, 28 Jun 13:47

PNB Gains 4%; BSE BANKEX Index Down 0.7%Image source: hudiemm/www.istockphoto.com

PNB share price has zoomed 4% and is presently trading at Rs 123.5.

Meanwhile, the BSE BANKEX index is at 59,852.7 (down 0.7%).

Among the top gainers in the BSE BANKEX index today are AU SMALL FINANCE BANK (up 1.3%) and SBI (up 1.2%).

Indusind Bank (down 1.8%) and Axis Bank (down 1.6%) are among the top losers today.

Over the last one year, PNB has moved up from Rs 50.3 to Rs 123.5, registering a gain of Rs 73.2 (up 145.5%).

On the other hand, the BSE BANKEX index has moved up from 49,297.0 to 59,852.7, registering a gain of 21.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 53.3%), Federal Bank (up 46.4%) and Bank of Baroda (up 44.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,246.5 .

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.3%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,080.1 (up 0.2%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,246.5, registering a gain of 16,276.5 points (up 25.8%).

PNB Financial Update...

PNB net profit grew 78.1% YoY to Rs 31,009 million for the quarter ended March 2024, compared to a profit of Rs 17,411 million a year ago. Net sales rose 18.0% to Rs 286,823 million during the period as against Rs 243,053 million in January-March 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 16.3.

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