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
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 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.
Equitymaster requests your view! Post a comment on "Punjab & Sind Bank Gains 4%; BSE BANKEX Index Down 0.4%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!