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PNB Plunges 4%; BSE BANKEX Index Up 0.2%
Thu, 27 Jun 16:5

PNB Plunges 4%; BSE BANKEX Index Up 0.2%Image source: KanawatTH/www.istockphoto.com

PNB share price has plunged 4% and is presently trading at Rs 118.9.

Meanwhile, the BSE BANKEX index is at 60,249.5 (up 0.2%).

Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 4.0%) and IDFC FIRST BANK (down 0.5%).

Kotak Bank (up 2.1%) and Indusind Bank (up 0.3%) are among the top gainers today.

Over the last one year, PNB has moved up from Rs 50.3 to Rs 118.9, registering a gain of Rs 68.6 (up 136.4%).

On the other hand, the BSE BANKEX index has moved up from 49,297.0 to 60,249.5, registering a gain of 22.2% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 51.7%), Bank of Baroda (up 46.7%) and Federal Bank (up 45.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,245.0 (up 0.7%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 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 15.7.

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