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PNB Plunges 5%; BSE BANKEX Index Down 2.8%
Mon, 5 Aug 12:29

PNB Plunges 5%; BSE BANKEX Index Down 2.8%Image source: phive2015/www.istockphoto.com

PNB share price has plunged 5% and is presently trading at Rs 114.3.

Meanwhile, the BSE BANKEX index is at 56,832.5 (down 2.8%).

Among the top losers in the BSE BANKEX index today are SBI (down 4.7%) and Bank of Baroda (down 3.7%).

Over the last one year, PNB has moved up from Rs 61.3 to Rs 114.3, registering a gain of Rs 53.0 (up 86.4%).

On the other hand, the BSE BANKEX index has moved up from 51,331.3 to 56,832.5, registering a gain of 10.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 43.1%), SBI (up 32.2%) and ICICI Bank (up 17.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,666.8 (down 2.9%).

The top losers among the BSE Sensex today are Tata Motors (down 5.3%) and MUNDRA PORT & SEZ (down 5.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,022.6 (down 2.8%). ONGC and Tata Motors are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,666.8, registering a gain of 12,207.5 points (up 18.4%).

PNB Financial Update...

PNB net profit grew 206.9% YoY to Rs 37,162 million for the quarter ended June 2024, compared to a profit of Rs 12,108 million a year ago. Net sales rose 13.5% to Rs 291,445 million during the period as against Rs 256,729 million in April-June 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 11.6.

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