Trending stocks: PNB shares down 2% in early trade

NEW DELHI: Shares of Punjab National Bank traded 2.39 per cent down in Monday's trade at 10:09AM (IST).

Around 5108660 shares changed hands on the counter. The stock opened at Rs 31.75 and touched an intraday high and low of Rs 31.75 and Rs 30.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 99.9 and a 52-week low of Rs 29.3 .


The state-owned bank will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).

Financials
Punjab National Bank, incorporated in the year 1969, is a banking company (having a market cap of Rs 29549.38 Crore).

Punjab National Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 31833.08 Crore to Sales Value (66.32 % of Total Sales), Income From Investment which contributed Rs 13946.98 Crore to Sales Value (29.05 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2001.42 Crore to Sales Value (4.16 % of Total Sales) and Interest which contributed Rs 214.28 Crore to Sales Value (0.44 % of Total Sales)for the year ending 31-Mar-2018.

Promoter holding
Promoters held 83.19341 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of -6.18 and price to book value of 0.31 .