Punjab & Sind Bank drops for fifth straight session

Punjab & Sind Bank is quoting at Rs 40.21, down 4.42% on the day as on 13:19 IST on the NSE. The stock tumbled 27.25% in last one year as compared to a 0.67% rally in NIFTY and a 18.76% fall in the Nifty PSU Bank index.

Punjab & Sind Bank fell for a fifth straight session today. The stock is quoting at Rs 40.21, down 4.42% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73233.39, down 1.85%.Punjab & Sind Bank has eased around 13.75% in last one month.Meanwhile, Nifty PSU Bank index of which Punjab & Sind Bank is a constituent, has eased around 9.85% in last one month and is currently quoting at 5816.85, down 3.21% on the day. The volume in the stock stood at 5.47 lakh shares today, compared to the daily average of 7.39 lakh shares in last one month.

 

The PE of the stock is 33.9 based on TTM earnings ending December 24.

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