Wednesday 24 February 2016

Punjab National Bank slips 1.2%; declares 900 firms as wilful defaulters

The bank has declared 904 entities as wilful defaulters with outstanding loan of Rs. 10,869.71 crore at the end of December.


Punjab National Bank slipped 1.2% to Rs.71.80 on BSE. The bank has declared a list of about 900 wilful defaulters, including Winsome Diamonds & Jewellery, Zoom Developers and Nafed, which owe it nearly Rs. 11,000 crore. The bank has declared 904 entities as wilful defaulters with outstanding loan of Rs. 10,869.71 crore at the end of December.

The scrip opened at Rs. 70.7 and has touched a high and low of Rs. 72.05 and Rs. 69.45 respectively. So far 5176897(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14275.35 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. 69.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 77.75 and Rs. 69.4 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.

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