Meanwhile, the BSE Sensex was up 199.65 points, or 1.18%, to 17,062.95
On BSE, 2.77 lakh shares were traded in the counter as against an average daily volume of 56,403 shares in the past one quarter.
At the day's high of Rs 982, the stock rose as much as 2.73% in intraday trade. The stock hit a low of Rs 921.20 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.
Punjab National Bank (PNB's) net profit rose 5.53% to Rs 1150.04 crore on 30.82% increase in total income to Rs 10435.12 crore in Q3 December 2011 over Q3 December 2010. The result was announced during market hours today, 31 January 2012.
Capital adequacy ratio as per Basel I norms was 10.48% as on 31 December 2011 from 11.23% as on 31 December 2010. Capital adequacy ratio as per Basel II norms was 11.48% as on 31 December 2011 from 11.90% as on 31 December 2010.
Net non-performing assets rose by 84.20% to Rs 2901.38 crore at 31 December 2011 from Rs 1575.08 crore at 31 December 2010. The bank's ratio of return on assets on an annualised basis was 1.11% at 31 December 2011 from 1.27% at 31 December. The bank's provision coverage ratio as at 31 December 2011 was 70.01%.
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.
Government of India holds 58% stake in PNB (as at end December 2011).