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PNB Gains 4%; BSE BANKEX Index Up 2.0%
Mon, 25 Nov 9:38

PNB Gains 4%; BSE BANKEX Index Up 2.0%Image source: DNY59/www.istockphoto.com

PNB share price has zoomed 4% and is presently trading at Rs 104.0.

Meanwhile, the BSE BANKEX index is at 59,445.5 (up 2.0%).

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 4.0%) and SBI (up 2.6%).

Over the last one year, PNB has moved up from Rs 78.0 to Rs 104.0, registering a gain of Rs 26.0 (up 33.3%).

On the other hand, the BSE BANKEX index has moved up from 49,253.5 to 59,445.5, registering a gain of 20.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 49.2%), Federal Bank (up 43.7%) and ICICI Bank (up 41.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,415.9 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.6%) and MUNDRA PORT & SEZ (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,415.9, registering a gain of 14,485.1 points (up 22.0%).

PNB Financial Update...

PNB net profit grew 151.2% YoY to Rs 44,320 million for the quarter ended September 2024, compared to a profit of Rs 17,645 million a year ago. Net sales rose 13.4% to Rs 304,474 million during the period as against Rs 268,577 million in July-September 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 8.9.


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