Punjab National Bank rose 4.45% to Rs 540.90 at 11:58 IST on BSE after net profit declined 42.14% to Rs 755.41 crore on 3.68% growth in total income to Rs 11922.30 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result hit the market during trading hours today, 31 January 2014.
Meanwhile, the S&P BSE Sensex was up 10.33 points or 0.05% at 20,508.58.
On BSE, so far 2.90 lakh shares were traded in the counter as against average daily volume of 1.98 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 3.62% at the day's high of Rs 536.60 so far during the day. The stock lost as much as 1.7% at the day's low of Rs 509 so far during the day. The stock had hit a 52-week low of Rs 402.20 on 4 September 2013. The stock had hit a 52-week high of Rs 922.10 on 31 January 2013.
The stock had underperformed the market over the past one month till 30 January 2014, sliding 17.19% compared with the Sensex's 3.05% fall. The scrip had, however, outperformed the market in past one quarter, advancing 3.63% as against Sensex's 2.55% fall.
The large-cap public sector bank has equity capital of Rs 362.07 crore. Face value per share is Rs 10.
The Government of India holds 58.87% stake in Punjab National Bank (as per the shareholding pattern as on 31 December 2013).
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