Punjab National Bank Share Price – NSE  / BSE

Banks, Mid Cap

Punjab National Bank has received credit ratings from India Ratings and Research as under:

Long Term Issuer Rating - IND AAA/Stable (Affirmed)
Additional Tier (AT1) Bonds - IND AA+/Stable (Affirmed)
Fixed Deposits - IND AAA/Stable (Affirmed)
Basel Ill Tier II Bonds - IND AAA/Stable (Affirmed)
Senior Infrastructure Bonds - IND AAA/Stable (Affirmed)
Senior Infrastructure Bonds - IND AAA/Stable (Assigned)
Certificate of Deposit (CDs) - IND A1+ (Affirmed)

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Punjab National Bank is down for a fifth straight session today. The stock is quoting at Rs 114.18, down 5.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 2.87% on the day, quoting at 24009. The Sensex is at 78668.1, down 2.86%.Punjab National Bank has lost around 5.92% in last one month.Meanwhile, Nifty Bank index of which Punjab National Bank is a constituent, has eased around 4.68% in last one month and is currently quoting at 51350.15, down 2.69% on the day. The volume in the stock stood at 385.3 lakh shares today, compared to the daily average of 360.99 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 114.88, down 4.81% on the day. Punjab National Bank jumped 89.04% in last one year as compared to a 22.51% rally in NIFTY and a 11.45% spurt in the Nifty Bank index.

The PE of the stock is 12.94 based on TTM earnings ending June 24.

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Punjab National Bank announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 7 September 2024 .

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Punjab National Bank has increased Marginal Cost of Funds Based Lending Rates (MCLR) by 5 bps across tenors with effect from 1 August 2024.

Overnight - 8.30%
One month - 8.35%
Three month - 8.55%
Six month - 8.75%
One year - 8.90%
Three year - 9.20%

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