Punjab National Bank zooms 2%

India Infoline News Service | Mumbai | October 14, 2016 11:33 IST

The scrip opened at Rs 138.55 and has touched a high and low of Rs 141.2 and Rs 138.55 respectively.

Punjab National Bank is currently trading at Rs 140.6, up by Rs 2.65 or 1.92% from its previous closing of Rs 137.95 on the BSE. PNB Housing Finance has received capital markets regulator Sebi’s go ahead to raise Rs 2,500 crore through an initial public offering. PNB Housing Finance, promoted by Punjab National Bank, would be using the proceeds from the share sale mainly towards augmenting its capital base.

The scrip opened at Rs 138.55 and has touched a high and low of Rs 141.2 and Rs 138.55 respectively. So far 5947034 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 29355.32 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 150.4 on 29-Sep-2016 and a 52 week low of Rs 69.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 146.1 and Rs 135.8 respectively.

The promoters holding in the company stood at 62.08 % while Institutions and Non-Institutions held 31.36 % and 6.55 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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