Punjab National Bank (PNB) is currently trading at Rs. 141.95, up by 0.45 points or 0.32% from its previous closing of Rs. 141.50 on the BSE.
The scrip opened at Rs. 143.00 and has touched a high and low of Rs. 143.65 and Rs. 141.55 respectively. So far 2,05,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.30 on 11-Nov-2016 and a 52 week low of Rs. 71.10 on 24-May-2016.
Last one week high and low of the scrip stood at Rs. 144.50 and Rs. 138.00 respectively. The current market cap of the company is Rs. 30,206.51 crore.
The promoters holding in the company stood at 65.01%, while Institutions and Non-Institutions held 28.72% and 6.27% respectively.
PNB, one of the country's largest lenders, is reportedly planning to sell an around 7% stake in PNB Housing Finance. The bank has already received interest from some players, including private equity investors. At current price, a 7% stake in the newly listed company will fetch nearly Rs 1,200 crore. The bank currently holds a 39% stake in PNB Housing Finance.
PNB has posted over four-fold jump in its net profit at Rs 207.18 crore for the quarter ended December 31, 2016 as compared to Rs 51.01 crore for the quarter ended December 31, 2015. Total income of the Bank increased by 4.37% at Rs 14497.65 crore for Q3FY17 as compared Rs 13891.20 crore for the corresponding quarter previous year.