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Syndicate Bank extends losses

Syndicate Bank is quoting at Rs 32, down 1.54% on the day as on 13:24 IST on the NSE. The stock tumbled 26.1% in last one year as compared to a 7.06% rally in NIFTY and a 9.62% spurt in the Nifty PSU Bank index.

Syndicate Bank dropped for a fifth straight session today. The stock is quoting at Rs 32, down 1.54% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.77% on the day, quoting at 11344. The Sensex is at 37720.85, up 0.88%.Syndicate Bank has lost around 21.18% in last one month.Meanwhile, Nifty PSU Bank index of which Syndicate Bank is a constituent, has eased around 9.35% in last one month and is currently quoting at 2912.35, flat on the day. The volume in the stock stood at 43.34 lakh shares today, compared to the daily average of 69.97 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 31.95, down 2.14% on the day. Syndicate Bank tumbled 26.1% in last one year as compared to a 7.06% rally in NIFTY and a 9.62% spurt in the Nifty PSU Bank index.

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

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