PNB hits over 4-year high, zooms 33% in 1 month; mcap nears Rs 1 trillion

At 02:55 PM, PNB's market cap stood at Rs 90,048 crore

Shares of Punjab National Bank (PNB) hit over four-year high of Rs 81.85, up 3 per cent on the BSE in Wednesday's intra-day trade, on expectations that the bank’s asset quality parameters will improve in the near term which would improve its earnings profile.

The stock of the state-owned lender was trading at its highest level since July 2019. In the past one month, the stock has zoomed 33 per cent as compared to 1.7 per cent rise in the S&P BSE Sensex. Further, in the past six months, it has skyrocketed 82 per cent as against 14.8 per