Trending stocks: Punjab & Sind Bank shares zoom 12%

NEW DELHI: Shares of Punjab & Sind Bank traded 12.13 per cent up in Thursday's trade at 02:51 pm. Around 4,19,460 shares changed hands on the counter. The stock opened at Rs 14.0 and touched an intraday high and low of Rs 15.8 and Rs 14.0, respectively, in the session so far.

State-owned Punjab and Sind Bank said it will raise up to Rs 1500 crore through equity and preferential issue of shares.

The stock quoted a 52-week high of Rs 35.35 and a 52-week low of Rs 9.3.


Financials
Punjab & Sind Bank, incorporated in the year 1908, is a banking company (having a market cap of Rs 956.24 crore).

The company reported Rs gain/loss for the quarter ended LASTESTQuarter.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 8923.49 crore and Net Non Performing Assets (Net NPAs) of Rs 5417.79 crore.

Punjab & Sind Bank key products/revenue segments include interest & discount on advances & bills which contributed Rs 6029.72 crore to sales value (70.45 per cent of total sales), income from investment which contributed Rs 2297.75 crore to sales value (26.84 per cent of total sales) and interest which contributed Rs 170.94 crore to sales value (1.99 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 83.063286 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of -1.31 and price to book value of 0.15.