Punjab National Bank trades in green on BSE

Punjab National Bank is currently trading at Rs 769.20, up by 6.20 points or 0.81% from its previous closing of Rs. 763.00 on the BSE. The scrip opened at Rs 764.00 and has touched a high and low of Rs 781.05 and Rs 758.75 respectively. So far 125274 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 852.15 on 20-May-2013 and a 52 week low of Rs 402.20 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs. 794.70 and Rs. 751.90 respectively. The current market cap of the company is Rs. 27792.49 crore. The promoters holding in the company stood at 58.87% while Institutions and Non-Institutions held 36.01% and 5.11% respectively. Punjab National Bank (PNB), the country’s largest lender has opened 120 new branches across the country in order to mark its 120th Foundation Day. The bank started its operation on April 12, 1895, in Lahore, now in Pakistan. The 120th branch of the bank is located near the birth place of its founding father Lala Lajpat Rai. Besides, the bank has also launched its PNB Platinum Credit Card with various features including maximum limit of Rs 10 lakh. Punjab National Bank has reported 42.14% fall in its net profit at Rs 755.41 crore for third quarter ended December 31, 2013 as compared to Rs 1305.62 crore for the same quarter in the previous year. However, total income of the bank has increased by 3.68% at Rs 11922.30 crore for quarter under review as compared to Rs 11499.27 crore for the quarter ended December 31, 2012.