Punjab National Bank dropped for a fifth straight session today. The stock is quoting at 66.5, down 3.9% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 10988.15. The Sensex is at 36390.42, up 0.24%.Punjab National Bank has lost around 21.99% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has eased around 11.5% in last one month and is currently quoting at 24970.35, up 0.17% on the day. The volume in the stock stood at 323.14 lakh shares today, compared to the daily average of 296.28 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 66.15, down 4.61% on the day. Punjab National Bank tumbled 51.34% in last one year as compared to a 11.31% rally in NIFTY and a 3.36% spurt in the Nifty Bank index.
The PE of the stock is 0 based on TTM earnings ending June 18.