Punjab National Bank cracks 5.5% after Q3 results disappoint

The Bank reported standalone net profit of Rs. 51.01 crore for the quarter ended December 31, 2015, registering decline of 93.41% yoy and 91.78% qoq.

Punjab National Bank cracked 5.5% to Rs.82.85 on NSE. The Bank reported standalone net profit of Rs. 51.01 crore for the quarter ended December 31, 2015, registering decline of 93.41% yoy and 91.78% qoq.

The scrip opened at Rs. 86.1 and has touched a high and low of Rs. 86.45 and Rs. 82.45 respectively. So far 5020371(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17250.2 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 180.5 on 17-Aug-2015 and a 52 week low of Rs. 86.75 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 97.9 and Rs. 87.1 respectively.

The promoters holding in the company stood at 62.08 % while Institutions and Non-Institutions held 32.27 % and 5.64 % respectively.

The stock is currently trading above its 200 DMA.