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PNB Q1 net profit up Rs 262 crore as bad loans drop, shares up by 4.4%

The company's market valuation also rose by more than Rs 1,617 crore

Press Trust of India  |  New Delhi 

Shares of Punjab National Bank on Tuesday rose by 4.5 per cent after the company reported a net profit of Rs 261.9 crore for the quarter ending March 2017. The stock gained 4.55 per cent to close at Rs 174.55 on BSE. During the day, it surged 6.58 per cent to Rs 177.95. On NSE, shares of the company went up by 4.4 per cent to end at Rs 174.15. The company's market valuation also rose by Rs 1,617.69 crore to Rs 37,143.69 crore. In terms of volume, 58.89 lakh shares of the company were traded on BSE and over 5 crore shares changed hands on NSE during the day. Standalone net ...


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First Published: Tue, May 16 2017. 18:45 IST