The bank has posted a net profit of Rs.306 crore for the quarter ended June 30, 2016 as compared to Rs.721 crore for the quarter ended June 30, 2015.
Punjab National Bank has announced the following unaudited standalone results for the quarter ended June 30, 2016:
The bank has posted a net profit of Rs.306 crore for the quarter ended June 30, 2016 as compared to Rs.721 crore for the quarter ended June 30, 2015. The bank's total income has increased from Rs.13,432 crore for the quarter ended June 30, 2015 to Rs 13,930 crore for the quarter ended June 30, 2016.
Stock view:
Punjab National Bank has announced the following unaudited standalone results for the quarter ended June 30, 2016:The bank has posted a net profit of Rs.306 crore for the quarter ended June 30, 2016 as compared to Rs.721 crore for the quarter ended June 30, 2015. The bank's total income has increased from Rs.13,432 crore for the quarter ended June 30, 2015 to Rs 13,930 crore for the quarter ended June 30, 2016.
Stock view:
Punjab National Bank is currently trading at Rs. 133.3, up by Rs. 0.55 or 0.41% from its previous closing of Rs. 132.75 on the BSE.
The scrip opened at Rs. 133.3 and has touched a high and low of Rs. 136.35 and Rs. 132 respectively. So far 18714090(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26066.76 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. 134.9 and Rs. 117 respectively.
The promoters holding in the company stood at 62.08 % while Institutions and Non-Institutions held 31.36 % and 6.55 % respectively.
The stock is currently trading above its 200 DMA.
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