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Punjab National Bank rises on turning black in Q1

Punjab National Bank is currently trading at Rs. 68.25, up by 0.25 points or 0.37% from its previous closing of Rs. 68.00 on the BSE.

The scrip opened at Rs. 68.90 and has touched a high and low of Rs. 69.20 and Rs. 67.85 respectively. So far 286171 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 99.90 on 01-Apr-2019 and a 52 week low of Rs. 58.65 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 73.45 and Rs. 65.65 respectively. The current market cap of the company is Rs. 31307.52 crore.

The promoters holding in the company stood at 75.41%, while Institutions and Non-Institutions held 16.00% and 8.60% respectively.

Punjab National Bank has reported net profit of Rs 1018.63 crore for the quarter ended June 30, 2019 as against net loss of Rs 940.01 crore for the same quarter in the previous year. However, total income of the Bank increased by 0.59% at Rs 15161.74 crore for Q1FY20 as compared Rs 15072.41 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a net profit of Rs 1032.23 crore for the quarter ended June 30, 2019 as against net loss of Rs 986.66 crore for the same quarter in the previous year. However, total income of the Bank increased by 1.31% at Rs 15426.93 crore for Q1FY20 as compared Rs 15227.83 crore for the corresponding quarter previous year.

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