Meanwhile, the BSE Sensex was up 189.29 points, or 1.12%, to 17,052.59
On BSE, 21,952 shares were traded in the counter as against an average daily volume of 56,403 shares in the past one quarter.
The stock hit a high of Rs 982 and a low of Rs 966 so far during the day. The stock had hit a record high of Rs 1234 on 26 April 2011. The stock hit a 52-week low of Rs 751.10 on 29 December 2011.
The stock had outperformed the market over the past one month till 30 January 2012, gaining 21.93% compared with the Sensex's 9.11% rise. The scrip also outperformed the market in past one quarter, falling 0.59% as against 5.29% decline in the Sensex.
The large-cap state-run bank has an equity capital of Rs 316.81 crore. Face value per share is Rs 10.
After market hours on Monday, 30 January 2012, Punjab National Bank said its board of directors at its meeting held on Monday, 30 January 2012, approved issuance of equity shares at such price as may be decided as per SEBI (ICDR) Regulations, 2009, on preferential basis to Government of India, aggregating to Rs 1285 crore. The bank has scheduled an extraordinary general meeting on 20 March 2012 to seek shareholders approval for the fund raising plan.
Punjab National Bank (PNB) declares its Q3 December 2011 results today, 31 January 2012. The bank's net profit rose 12.1% to Rs 1205.03 crore on 37.2% increase in total income to Rs 9840.87 crore in Q2 September 2011 over Q2 September 2010.
Government of India holds 58% stake in PNB (as at end December 2011).