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Syndicate Bank rallies more than 6%

Capital Market

Syndicate Bank is quoting at Rs 35.55, up 6.28% on the day as on 12:49 IST on the NSE. The stock is down 40.05% in last one year as compared to a 4.53% gain in NIFTY and a 6.66% gain in the Nifty PSU Bank index.

Syndicate Bank rose for a third straight session today. The stock is quoting at Rs 35.55, up 6.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 10828.45. The Sensex is at 35956.44, up 0.25%. Syndicate Bank has dropped around 3% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Syndicate Bank is a constituent, has dropped around 3.25% in last one month and is currently quoting at 2760.8, up 2.21% on the day. The volume in the stock stood at 48.88 lakh shares today, compared to the daily average of 37.98 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 35.9, up 6.53% on the day. Syndicate Bank is down 40.05% in last one year as compared to a 4.53% gain in NIFTY and a 6.66% gain in the Nifty PSU Bank index.

The PE of the stock is 0 based on TTM earnings ending December 18.

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First Published: Mar 01 2019 | 1:05 PM IST

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