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Punjab & Sind Bank Gains 4%; BSE BANKEX Index Down 0.0%
Thu, 14 Nov 9:16

Punjab & Sind Bank Gains 4%; BSE BANKEX Index Down 0.0%Image source: StarLineArts/www.istockphoto.com

Punjab & Sind Bank share price has zoomed 4% and is presently trading at Rs 48.9.

Meanwhile, the BSE BANKEX index is at 57,181.7 .

Among the top gainers in the BSE BANKEX index today are Indusind Bank (up 1.2%) and AU SMALL FINANCE BANK (up 0.4%).

Federal Bank (down 1.1%) and Axis Bank (down 0.4%) are among the top losers today.

Over the last one year, Punjab & Sind Bank has moved up from Rs 40.4 to Rs 48.9, registering a gain of Rs 8.5 (up 21.1%).

On the other hand, the BSE BANKEX index has moved up from 49,767.9 to 57,181.7, registering a gain of 14.9% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 39.4%), ICICI Bank (up 33.4%) and Federal Bank (up 32.2%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 77,636.9 (down 0.1%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 1.0%) and Tech Mahindra (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 23,542.2 (down 0.1%). Titan and Power Grid Corp. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,259.5 to 77,636.9, registering a gain of 12,377.5 points (up 19.0%).

Punjab & Sind Bank Financial Update...

Punjab & Sind Bank net profit grew 26.7% YoY to Rs 2,396 million for the quarter ended September 2024, compared to a profit of Rs 1,891 million a year ago. Net sales rose 13.8% to Rs 27,390 million during the period as against Rs 24,059 million in July-September 2023.

For the year ended March 2024, Punjab & Sind Bank reported 54.7% decrease in net profit to Rs 5,954 million compared to net profit of Rs 13,130 million during FY23. Revenue of the company grew 21.3% to Rs 96,940 million during FY24.

The current Price to earnings ratio of Punjab & Sind Bank, based on rolling 12 month earnings, stands at 49.1.


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