Punjab National Bank slips for fifth straight session1
April 20th, 2018
Punjab National Bank is down for a fifth straight session today. The stock is quoting at 92.9, down 3.33% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 0.29% on the day, quoting at 10534.55. The Sensex is at 34341.8, down 0.25%.Punjab National Bank has lost around 4.82% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has increased around 2.53% in last one month and is currently quoting at 25126.15, down 1.02% on the day. The volume in the stock stood at 160.07 lakh shares today, compared to the daily average of 247.31 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 92.85, down 3.68% on the day. Punjab National Bank tumbled 40.03% in last one year as compared to a 15.52% rally in NIFTY and a 15.4% spurt in the Nifty Bank index.
The PE of the stock is 18.99 based on TTM earnings ending December 17.
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