Punjab National Bank stays in winning mode

10 Mar 2022 , 01:05 PM

Punjab National Bank is up for a third straight session in a row. The stock is quoting at Rs 36.25, up 1.83% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.7% on the day, quoting at 16623.05. The Sensex is at 55724.49, up 1.97%. Punjab National Bank has dropped around 8.81% in last one month.

Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has dropped around 9.51% in last one month and is currently quoting at 33815.45, up 3.07% on the day. The volume in the stock stood at 411.85 lakh shares today, compared to the daily average of 697.1 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 36.35, up 1.54% on the day. Punjab National Bank is down 11.69% in last one year as compared to a 10.59% gain in NIFTY and a 1.81% gain in the Nifty Bank index.

The PE of the stock is 10.2 based on TTM earnings ending December 21.

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