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Punjab & Sind Bank Gains 4%; BSE BANKEX Index Down 0.4%
Mon, 19 Aug 14:18

Punjab & Sind Bank Gains 4%; BSE BANKEX Index Down 0.4%Image source: Sakorn BernardaSv/www.istockphoto.com

Punjab & Sind Bank share price has zoomed 4% and is presently trading at Rs 60.6.

Meanwhile, the BSE BANKEX index is at 57,399.7 (down 0.4%).

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 1.4%) and SBI (up 0.4%).

Axis Bank (down 1.4%) and ICICI Bank (down 1.0%) are among the top losers today.

Over the last one year, Punjab & Sind Bank has moved up from Rs 33.8 to Rs 60.6, registering a gain of Rs 26.8 (up 79.3%).

On the other hand, the BSE BANKEX index has moved up from 49,462.3 to 57,399.7, registering a gain of 16.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 52.9%), SBI (up 45.5%) and Bank of Baroda (up 30.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,431.8 .

The top losers among the BSE Sensex today are M&M (down 2.0%) and Axis Bank (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,572.4 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,431.8, registering a gain of 15,029.9 points (up 23.0%).

Punjab & Sind Bank Financial Update...

Punjab & Sind Bank net profit grew 18.9% YoY to Rs 1,815 million for the quarter ended June 2024, compared to a profit of Rs 1,527 million a year ago. Net sales rose 14.5% to Rs 26,523 million during the period as against Rs 23,158 million in April-June 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 65.7.


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