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Strong Q4 numbers generate interest in PNB

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National gained 4.34% to Rs 174.20 at 14:26 on after the reported net profit of Rs 261.90 crore in Q4 March 2017 compared with net loss of Rs 5367.14 crore in Q4 March 2016.

The result was announced during market hours today, 16 May 2017.

Meanwhile, the S&P Sensex was up 246.67 points or 0.81% at 30,568.79.

On the BSE, 50.81 lakh shares were traded on the counter so far as against the average daily volumes of 8.87 lakh shares in the past one quarter. The stock had hit a high of Rs 177.95 and a low of Rs 165.10 so far during the day.

The stock had hit a 52-week high of Rs 185.65 on 5 May 2017 and a 52-week low of Rs 71.10 on 24 May 2016. It had outperformed the market over the past one month till 15 May 2017, advancing 7.12% compared with the Sensex's 2.92% rise. The scrip had also outperformed the market over the past one quarter, gaining 19.42% as against the Sensex's 7.69% rise.

The large-cap has equity capital of Rs 425.59 crore. Face value per share is Rs 2.

The bank's total income rose 18.31% to Rs 14989.33 crore in Q4 March 2017 over Q4 March 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 55370.45 crore as on 31 March 2017 as against Rs 55627.51 crore as on 31 December 2016 and Rs 55818.33 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 12.53% as on 31 March 2017 as against 13.7% as on 31 December 2016 and 12.9% as on 31 March 2016. The ratio of net NPAs to net advances stood at 7.81% as on 31 March 2017 as against 9.09% as on 31 December 2016 and 8.61% as on 31 March 2016.

The bank's provisions and contingencies declined 41.75% to Rs 5753.51 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 65.01% stake in National as per the shareholding pattern as on 31 March 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Strong Q4 numbers generate interest in PNB

Punjab National Bank gained 4.34% to Rs 174.20 at 14:26 IST on BSE after the bank reported net profit of Rs 261.90 crore in Q4 March 2017 compared with net loss of Rs 5367.14 crore in Q4 March 2016.

National gained 4.34% to Rs 174.20 at 14:26 on after the reported net profit of Rs 261.90 crore in Q4 March 2017 compared with net loss of Rs 5367.14 crore in Q4 March 2016.

The result was announced during market hours today, 16 May 2017.

Meanwhile, the S&P Sensex was up 246.67 points or 0.81% at 30,568.79.

On the BSE, 50.81 lakh shares were traded on the counter so far as against the average daily volumes of 8.87 lakh shares in the past one quarter. The stock had hit a high of Rs 177.95 and a low of Rs 165.10 so far during the day.

The stock had hit a 52-week high of Rs 185.65 on 5 May 2017 and a 52-week low of Rs 71.10 on 24 May 2016. It had outperformed the market over the past one month till 15 May 2017, advancing 7.12% compared with the Sensex's 2.92% rise. The scrip had also outperformed the market over the past one quarter, gaining 19.42% as against the Sensex's 7.69% rise.

The large-cap has equity capital of Rs 425.59 crore. Face value per share is Rs 2.

The bank's total income rose 18.31% to Rs 14989.33 crore in Q4 March 2017 over Q4 March 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 55370.45 crore as on 31 March 2017 as against Rs 55627.51 crore as on 31 December 2016 and Rs 55818.33 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 12.53% as on 31 March 2017 as against 13.7% as on 31 December 2016 and 12.9% as on 31 March 2016. The ratio of net NPAs to net advances stood at 7.81% as on 31 March 2017 as against 9.09% as on 31 December 2016 and 8.61% as on 31 March 2016.

The bank's provisions and contingencies declined 41.75% to Rs 5753.51 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 65.01% stake in National as per the shareholding pattern as on 31 March 2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Strong Q4 numbers generate interest in PNB

National gained 4.34% to Rs 174.20 at 14:26 on after the reported net profit of Rs 261.90 crore in Q4 March 2017 compared with net loss of Rs 5367.14 crore in Q4 March 2016.

The result was announced during market hours today, 16 May 2017.

Meanwhile, the S&P Sensex was up 246.67 points or 0.81% at 30,568.79.

On the BSE, 50.81 lakh shares were traded on the counter so far as against the average daily volumes of 8.87 lakh shares in the past one quarter. The stock had hit a high of Rs 177.95 and a low of Rs 165.10 so far during the day.

The stock had hit a 52-week high of Rs 185.65 on 5 May 2017 and a 52-week low of Rs 71.10 on 24 May 2016. It had outperformed the market over the past one month till 15 May 2017, advancing 7.12% compared with the Sensex's 2.92% rise. The scrip had also outperformed the market over the past one quarter, gaining 19.42% as against the Sensex's 7.69% rise.

The large-cap has equity capital of Rs 425.59 crore. Face value per share is Rs 2.

The bank's total income rose 18.31% to Rs 14989.33 crore in Q4 March 2017 over Q4 March 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 55370.45 crore as on 31 March 2017 as against Rs 55627.51 crore as on 31 December 2016 and Rs 55818.33 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 12.53% as on 31 March 2017 as against 13.7% as on 31 December 2016 and 12.9% as on 31 March 2016. The ratio of net NPAs to net advances stood at 7.81% as on 31 March 2017 as against 9.09% as on 31 December 2016 and 8.61% as on 31 March 2016.

The bank's provisions and contingencies declined 41.75% to Rs 5753.51 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 65.01% stake in National as per the shareholding pattern as on 31 March 2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22