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Punjab National Bank slips for fifth straight session

Capital Market 

Punjab National Bank is quoting at Rs 54.65, down 1.35% on the day as on 13:24 IST on the NSE. The stock tumbled 21.98% in last one year as compared to a 13.14% rally in NIFTY and a 15.32% spurt in the Nifty Bank index.

Punjab National Bank dropped for a fifth straight session today. The stock is quoting at Rs 54.65, down 1.35% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 12134.05. The Sensex is at 41316.83, down 0.34%.Punjab National Bank has lost around 13.8% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has eased around 2.91% in last one month and is currently quoting at 31230.25, down 1.06% on the day. The volume in the stock stood at 96.78 lakh shares today, compared to the daily average of 163.62 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 54.8, down 1.44% on the day. Punjab National Bank tumbled 21.98% in last one year as compared to a 13.14% rally in NIFTY and a 15.32% spurt in the Nifty Bank index.

The PE of the stock is 0 based on TTM earnings ending December 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: Fri, February 14 2020. 13:35 IST
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