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Allahabad Bank extends losses

Capital Market 

Allahabad Bank is quoting at Rs 30.55, down 3.48% on the day as on 13:19 IST on the NSE. The stock tumbled 62.95% in last one year as compared to a 3.87% slide in NIFTY and a 16.58% spurt in the Nifty PSU Bank index.

Allahabad Bank is down for a fifth straight session today. The stock is quoting at Rs 30.55, down 3.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.19% on the day, quoting at 10711.6. The Sensex is at 36138.58, down 1.16%.Allahabad Bank has lost around 12.34% in last one month.Meanwhile, Nifty PSU Bank index of which Allahabad Bank is a constituent, has eased around 6.23% in last one month and is currently quoting at 2413.4, down 2.03% on the day. The volume in the stock stood at 9.92 lakh shares today, compared to the daily average of 11.72 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending June 19.

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

First Published: Thu, September 19 2019. 13:35 IST
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