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PNB Share Price Discussion

Punjab National Bank
NSE: PNB | BSE: 532461 | ISIN: INE160A01022 | Sector: Banks

PNB Rating

3.6/5 (8 Ratings)
PNB Share Price *
29.65 -0.8 (-2.63%)
* (quote may be delayed)
Find answers to all your questions on live PNB message board: Is PNB buy or sell? Should I buy PNB shares? Why are PNB shares falling? Should I invest in PNB stock?

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PNB Discussion Forum

@newsbot • Reputation: 2,602
RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
According to an RBI survey, consumer confidence, as measured by the current situation index, in early March 2020 remained broadly close to the all-time low.
Moneycontrol
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@newsbot • Reputation: 2,602
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief
As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
Moneycontrol
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@newsbot • Reputation: 2,602
Exclusive: PNB expects Rs 5,000cr fresh slippages in Q4; COVID-19 to take a toll on asset quality, says MD&CEO Mallikarjuna Rao
PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy
Moneycontrol
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@newsbot • Reputation: 2,602
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.
Moneycontrol
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@newsbot • Reputation: 2,602
D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3%
Bank stocks are falling as investors fear that the lockdown triggered by COVID-19 will have a serious impact on businesses across the sectors and banks may see a rise in their bad loans due to this.
Moneycontrol
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@newsbot • Reputation: 2,602
PNB, IOB cut lending rates by 75 basis points
IOB also said it has reduced its one-year MCLR to 8.25 percent from 8.45 percent, effective from April 10.
Moneycontrol
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@newsbot • Reputation: 2,602
RBI changes SLBC convenors in view of bank mergers
The government on March 4 notified the amalgamation scheme as part of its consolidation plan to create bigger and stronger banks in the public sector.
Moneycontrol
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@newsbot • Reputation: 2,602
Punjab National Bank unveils new logo
The new logo will bear distinct signages of all the three public sector lenders.
Moneycontrol
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@100billionclub • Reputation: 2,152

CARRIED: BUY PNB ABV 35.30
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@newsbot • Reputation: 2,602
Autos, financials among 7 sectors could see over 20% earnings downgrade: Jefferies
Sectors like F&B, hotels, tourism, and retail trade (~12% of India's GDP) sees a decline in the activity, said a Jefferies report.
Moneycontrol
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@newsbot • Reputation: 2,602
Nifty Bank index suffers biggest single-day loss; may continue correction toward 16,000 - 15,500 levels
The index underperformed the benchmark Nifty for the second consecutive session. The BSE Sensex dropped 3,935 points, or 13.15 percent, to record its worst-ever one-day decline in absolute terms.
Moneycontrol
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@newsbot • Reputation: 2,602
Nine stocks listed for F&O ban on March 23; what does SEBI circular mean for markets?
Effectively about 10-12% of the F&O stocks would be impacted. For most other stocks, even if MWPL are restricted, open interest is far lower to have any meaningful impact.
Moneycontrol
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@newsbot • Reputation: 2,602
RBI appoints additional directors to Yes Bank's board
Sunil Mehta, former non-executive chairman of Punjab National Bank, was appointed Non-Executive Chairman of Yes Bank, while Mahesh Krishnamurthy and Atul Bheda were appointed Non-Executive Directors to its board
Moneycontrol
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@ichimoku • Reputation: -943
PNB MAR20 FUT

Type
Sell
Instrument
PNB MAR20 FUT
Entry Price
₹35.2
Price@Trade
₹35.2
Target Price
₹33
Stop Price
₹35.35
Valid Till
Mar 19, 2020 3:20 AM
Margin
₹109,963.71 approx for 8300 Qty
Status
Stoploss Hit
Exit Price
₹35.35
Net P&L
-1.13% Loss
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Latest replies
TrackerBot @trackerbot
Mar 19 3:06 AM

Update
Stoploss Hit
Exit Price
₹35.35
@newsbot • Reputation: 2,602
Coronavirus wreaks havoc on D-Street, all sectoral indices end at multi-year lows
The Sensex crashed 3,204 points intraday, before closing 2,919.26 points down at 32,778.14, the lowest since December 6, 2017.
Moneycontrol
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@ENRITCHANSRAJ • Reputation: -22,626
#ENRICHANSRAJ_PANDEY in PNB
PNB MAR20 37 PE
New trade: Buy PNB MAR20 37 PE, CMP@1.35, Enter...

Hold pNB 37 PE. TILL EXPIRY
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@balasubramaniam • Reputation: -109,990
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹39.65
Price@Trade
₹39.65
Target Price
₹100
Stop Price
₹20
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹77,466.02 approx for 8300 Qty
Status
Exited
Exit Price
₹36.1
Net P&L
-38.04% Loss
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Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.1
Net P&L
-38.04% Loss
@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹39.65
Price@Trade
₹39.65
Target Price
₹100
Stop Price
₹10
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹77,715.02 approx for 8300 Qty
Status
Exited
Exit Price
₹36.3
Net P&L
-35.78% Loss
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reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.3
Net P&L
-35.78% Loss
@ENRITCHANSRAJ • Reputation: -22,626
PNB MAR20 37 PE

Type
Buy
Instrument
PNB MAR20 37 PE
Entry Price
₹1.4
Price@Trade
₹1.35
Target Price
₹4  ₹12
Stop Price
₹0.5
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹11,620 approx for 8300 Qty
Status
Exited
Exit Price
₹2.85
Net P&L
103.57% Profit
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Latest replies
TrackerBot @trackerbot
Mar 11 3:48 AM

Update
Trade Entered
Entry Price
₹1.4

Update
Target Extended
Price @ Update
₹1.95
Original Target
₹4
New Target
12.0

Update
Exited
Exit Price
₹2.85
Net P&L
103.57% Profit
@balasubramaniam • Reputation: -109,990
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹40.5
Price@Trade
₹40.5
Target Price
₹200
Stop Price
₹1
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹77,964.8 approx for 8300 Qty
Status
Exited
Exit Price
₹36.2
Net P&L
-45.78% Loss
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reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹36.2
Net P&L
-45.78% Loss
@stocktrendr • Reputation: 193

Citi on PNB
Maintained ‘Sell’; cut price target to Rs 40 from Rs 59.
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@balasubramaniam • Reputation: -109,990
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹40.2  ₹40.3
Price@Trade
₹40.45
Target Price
₹200
Stop Price
₹1
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹76,275.46 approx for 8300 Qty
Status
Exited
Exit Price
₹40.55
Net P&L
2.72% Profit
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Reply (4)
Latest replies

Update
Entry Price Modified
Price @ Update
₹40.4
Original Entry Price
₹40.2
New Entry Price
₹40.4

Update
Entry Price Modified
Price @ Update
₹40.3
Original Entry Price
₹40.4
New Entry Price
₹40.3
TrackerBot @trackerbot
Mar 9 4:01 AM

Update
Trade Entered
Entry Price
₹40.3

Update
Exited
Exit Price
₹40.55
Net P&L
2.72% Profit
@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹41.2  ₹41.3
Price@Trade
₹41.3
Target Price
₹200
Stop Price
₹1
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹77,023.25 approx for 8300 Qty
Status
Exited
Exit Price
₹41.5
Net P&L
2.16% Profit
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Reply (3)
Latest replies

Update
Entry Price Modified
Price @ Update
₹41.3
Original Entry Price
₹41.2
New Entry Price
₹41.3
TrackerBot @trackerbot
Mar 9 2:59 AM

Update
Trade Entered
Entry Price
₹41.3

Update
Exited
Exit Price
₹41.5
Net P&L
2.16% Profit
@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹42.4
Price@Trade
₹42.4
Target Price
₹59
Stop Price
₹35
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹75,261.74 approx for 8300 Qty
Status
Exited
Exit Price
₹42.5
Net P&L
1.1% Profit
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reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹42.5
Net P&L
1.1% Profit
@newsbot • Reputation: 2,602
Stocks in the news: Yes Bank, M&M, JSW Steel, Syndicate Bank, Pidilite, Lupin
Mahindra & Mahindra | JSW Steel | Yes Bank | Pidilite | Lupin and Syndicate Bank are among the stocks that are in the news today.
Moneycontrol
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@newsbot • Reputation: 2,602
Trade Setup for Friday: Top 15 things to know before Opening Bell
The key support level for Nifty is placed at 11,212.57, followed by 11,156.13. If the index moves up, key resistance levels to watch out for are 11,357.47 and 11,445.93.
Moneycontrol
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@newsbot • Reputation: 2,602
UK court rejects Nirav Modi's bail plea for fifth time
The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year and is scheduled for an extradition trial in May, made his fifth attempt at getting bail on the basis of a change in circumstances.
Moneycontrol
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@newsbot • Reputation: 2,602
Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank
The bank also said the board has fixed March 25 as the date for issuing and allotting its equity shares to the shareholders of the two other banks.
Moneycontrol
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@newsbot • Reputation: 2,602
15 rare paintings seized from Nirav Modi's residence to go under hammer today
These paintings and other items were seized by ED from Nirav Modi's houses after the agency registered a money laundering case against him and his uncle, Mehul Choksi, for allegedly defrauding PNB of Rs 13,600 crore
Moneycontrol
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@balasubramaniam • Reputation: -109,990
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹43.5
Price@Trade
₹43.4
Target Price
₹50
Stop Price
₹39
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹76,346.55 approx for 8300 Qty
Status
Exited
Exit Price
₹44.2
Net P&L
7.61% Profit
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Reply (2)
Latest replies
TrackerBot @trackerbot
Mar 5 4:05 AM

Update
Trade Entered
Entry Price
₹43.5

Update
Exited
Exit Price
₹44.2
Net P&L
7.61% Profit
@newsbot • Reputation: 2,602
24 companies in BSE500 index reported net loss in Q3; what should you do with the stocks?
Among the top 500 companies, over 20 companies turned loss-making in the December quarter, data from AceEquity showed
Moneycontrol
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@balasubramaniam • Reputation: -109,990
PNB MAR20 FUT

Type
Buy
Instrument
PNB MAR20 FUT
Entry Price
₹43.8  ₹43.85
Price@Trade
₹43.85
Target Price
₹50
Stop Price
₹40
Valid Till
Mar 26, 2020 3:20 AM
Margin
₹76,698.64 approx for 8300 Qty
Status
Exited
Exit Price
₹44.4
Net P&L
5.95% Profit
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reply
Reply (3)
Latest replies

Update
Entry Price Modified
Price @ Update
₹43.85
Original Entry Price
₹43.8
New Entry Price
₹43.85
TrackerBot @trackerbot
Mar 5 3:34 AM

Update
Trade Entered
Entry Price
₹43.85

Update
Exited
Exit Price
₹44.4
Net P&L
5.95% Profit
@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹43.9
Price@Trade
₹43.9
Target Price
₹60
Stop Price
₹40
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹76,971.96 approx for 8300 Qty
Status
Exited
Exit Price
₹44.7
Net P&L
8.63% Profit
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reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹44.7
Net P&L
8.63% Profit
@newsbot • Reputation: 2,602
Nirav Modi to make fifth attempt at bail in UK court
The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year and is scheduled for an extradition trial in May, is making his fifth attempt at getting bail on the basis of a change in circumstances.
Moneycontrol
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@newsbot • Reputation: 2,602
Dept of Economic Affairs working on regulatory clearances needed for cos to list abroad
For tapping foreign investors, Indian firms take the American Depository Receipt (ADR) or the GDR route.
Moneycontrol
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@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹44.05
Price@Trade
₹44.05
Target Price
₹60
Stop Price
₹35
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹77,059.98 approx for 8300 Qty
Status
Exited
Exit Price
₹43.35
Net P&L
-7.54% Loss
Like
reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹43.35
Net P&L
-7.54% Loss
@newsbot • Reputation: 2,602
With economic recovery distant, Indian banks may be staring at a second wave of bad loans
A second round of bad loans could come up with the slowing economy caught in the vicious cycle of consumption slump and policy paralysis. Fresh loans given to companies including to small and medium enterprises will face risk if the cash flows of companies under pressure
Moneycontrol
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@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹44
Price@Trade
₹44.05
Target Price
₹55
Stop Price
₹35
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹78,690.64 approx for 8300 Qty
Status
Exited
Exit Price
₹44.5
Net P&L
5.27% Profit
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reply
Reply (2)
Latest replies
TrackerBot @trackerbot
Mar 4 3:02 AM

Update
Trade Entered
Entry Price
₹44

Update
Exited
Exit Price
₹44.5
Net P&L
5.27% Profit
@newsbot • Reputation: 2,602
Govt introduces bill to amend banking laws to protect the interest of small depositors
The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks while administrative issues will still be guided by the Registrar of Cooperative.
Moneycontrol
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@balasubramaniam • Reputation: -109,990
PNB APR20 FUT

Type
Buy
Instrument
PNB APR20 FUT
Entry Price
₹44.1
Price@Trade
₹44.1
Target Price
₹55
Stop Price
₹35
Valid Till
Apr 30, 2020 3:20 AM
Margin
₹75,429.32 approx for 8300 Qty
Status
Exited
Exit Price
₹44.7
Net P&L
6.6% Profit
Like
reply
Reply (1)
Latest replies

Update
Exited
Exit Price
₹44.7
Net P&L
6.6% Profit
@newsbot • Reputation: 2,602
Banks take charge as chief distribution officers of private life insurers
A heavy reliance on one distribution channel, namely banks, is beneficial for insurers by helping have higher-ticket-size policies.
Moneycontrol
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@newsbot • Reputation: 2,602
PNB fraud: SEBI imposes Rs 5 crore fine on Mehul Choksi, others
In its order, Sebi said it is imposing a fine totalling Rs 5 crore on Choksi, Gitanjali Gems and Dhanesh Sheth, the executive director of Gitanjali.
Moneycontrol
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@newsbot • Reputation: 2,602
Finance minister Nirmala Sitharaman says bank merger plan on track
Speaking to the media after a meeting with PSU bank officials, Sitharaman also said that more than 5.53 lakh stressed Medium and Small Enterprises (MSMEs) accounts have been identified as of January 6.
Moneycontrol
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@stocktrendr • Reputation: 193

PNB Housing Finance said Crisil has downgraded its long-term rating to CRISIL AA/Stable from AA+/Negative. The current downgrade is driven by lower than expected equity raise which will result in the correction in gearing metrics being lower than earlier envisaged.
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@newsbot • Reputation: 2,602
SC's stance on AGR a blow to financials, say experts; should you avoid the sector?
The apex court's rebuke to telecom companies had a domino effect on select financial heavyweights also as the Nifty Bank index fell 1.27 percent on February 14.
Moneycontrol
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@newsbot • Reputation: 2,602
PSU banks down 1-5% after SC refuses AGR relief to telcos
There are fears that SC order on AGR liabilities will further impact banks' asset quality and could drive an uptick in credit cost.
Moneycontrol
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@newsbot • Reputation: 2,602
PNB says no proposal for changing bank's name
This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020.
Moneycontrol
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@newsbot • Reputation: 2,602
D-Street enters last leg of the earnings season; inflation, IIP data likely to dictate trend
Going forward, market would take cues from the last leg of earnings season and global developments on the Coronavirus outbreak.
Moneycontrol
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@newsbot • Reputation: 2,602
Earnings hits & misses: Top 10 companies that declared Dec quarter results this week
PSU banking major Punjab National Bank reported loss of Rs 492.3 crore for Q3FY20 against a profit of Rs 246.50 crore in Q3FY19 while telecom major Bharti Airtel managed to trim its losses.
Moneycontrol
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@newsbot • Reputation: 2,602
New name, logo of merged entity of UBI, PNB, OBC to be unveiled soon: Official
The new entity will be the second-largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore, he said.
Moneycontrol
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  • PNB - Share Price - Fundamentals

    keyboard_arrow_down
    Market Capitalization26,349.45
    Enterprise Value700,637.42
    Price to Earnings24.29
    Price to Book Value0.7
    Return on Capital Employed0.02
    Return on Equity-0.33
    Face Value2
    Dividend YieldNA
  • PNB Share Price - Technicals

    keyboard_arrow_down
    PNB - 52 Week High₹99.8
    PNB - 52 Week Low₹28.05
  • PNB - Brokerage Reports

    keyboard_arrow_down
    DateBrokerageCallTarget
    6-Nov-19Prabhudas LilladherReduce57
    2-Aug-19SharekhanBuy85
    2-Aug-19Nirmal BangBuy73
    31-May-19Nirmal BangAccumulate92
    29-May-19Prabhudas LilladherReduce75
    PNB Brokerage Price Target
  • PNB Share Price - Historical (₹)

    keyboard_arrow_down
    DateOpenHighLowClose
    Apr 330.530.729.2529.65
    Apr 132.532.530.2530.45
    Mar 3133.733.732.232.35
    Mar 3033.433.932.3532.9
    Mar 2734.535.9533.2533.45
  • PNB Share Price - Daily Moving Averages (DMA)

    keyboard_arrow_down
    20 Day Moving Average₹35.9
    30 Day Moving Average₹40.43
    50 Day Moving Average₹47.79
    100 Day Moving Average₹55.44
    200 Day Moving Average₹61.38
  • PNB - Profit And Loss

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Revenue47,99647,275.990.02
    Operating Profit5,19425,768.02-0.8
    Profit Before Tax-19,5752,011.54-10.73
    Net Income-12,2831,324.8-10.27
  • PNB - Balance Sheet

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Shareholder's Funds37,39038,096.45-0.02
    Total Liabilities729,450682,726.580.07
    Total Assets766,840720,823.030.06
  • PNB - Cash Flow

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17 % Change
    Cash from Operating Activity1,01212,497.05-0.92
    Cash from Investing Activity-1,288-527.181.44
    Cash from Financing Activity7,407738.699.03
    Net Cash Flow7,13012,708.56-0.44
  • PNB - Ratios

    keyboard_arrow_down
    CONSOLIDATEDMar-18Mar-17
    Return on Assets-0.02NA
    Return on Equity-0.330.03
    Return on Capital Employed0.020.05
  • PNB - 3 year Growth

    keyboard_arrow_down
    3 Year CAGR Growth in Revenue0.04
    3 Year CAGR Growth in Operating Profit-0.82
    3 Year CAGR Growth in EBIDTA-0.59
    3 Year CAGR Growth in Net Income-5.01
    3 Yr CAGR Growth - Diluted EPS-3.69
  • PNB - 5 year Growth

    keyboard_arrow_down
    5 Year CAGR Growth in Revenue0.15
    5 Year CAGR Growth in Operating Profit-0.82
    5 Year CAGR Growth in EBIDTA-0.58
    5 Year CAGR Growth in Net Income-3.59
    3 Yr CAGR Growth - Diluted EPS-1.33
  • PNB - Recent News

    keyboard_arrow_down
    NewsBot
    Apr 4 6:53 AM
    RBI industrial outlook surveys confirm what bank NPA charts have been telling us for long
    Moneycontrol
    NewsBot
    Apr 2 12:43 PM
    As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief
    Moneycontrol
    NewsBot
    Apr 2 3:03 AM
    Exclusive: PNB expects Rs 5,000cr fresh slippages in Q4; COVID-19 to take a toll on asset quality, says MD&CEO Mallikarjuna Rao
    Moneycontrol
    NewsBot
    Apr 1 6:23 AM
    All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
    Moneycontrol
    NewsBot
    Apr 1 3:53 AM
    D-Street Buzz | Bank stocks suffer strong selloff; Nifty Bank index down 3%
    Moneycontrol
    NewsBot
    Mar 31 2:28 AM
    PNB, IOB cut lending rates by 75 basis points
    Moneycontrol
    NewsBot
    Mar 30 9:28 AM
    RBI changes SLBC convenors in view of bank mergers
    Moneycontrol
    NewsBot
    Mar 30 8:33 AM
    Punjab National Bank unveils new logo
    Moneycontrol
    NewsBot
    Mar 26 7:03 AM
    Autos, financials among 7 sectors could see over 20% earnings downgrade: Jefferies
    Moneycontrol
    NewsBot
    Mar 23 12:03 PM
    Nifty Bank index suffers biggest single-day loss; may continue correction toward 16,000 - 15,500 levels
    Moneycontrol
  • PNB - Related Communities

    keyboard_arrow_down
    Sector: Index
    YES Bank Ltd. Sector: Banks
    State Bank of India Sector: Banks
    HDFC Bank Ltd. Sector: Banks
    Axis Bank Ltd. Sector: Banks
    ICICI Bank Ltd. Sector: Banks
    Kotak Mahindra Bank Ltd. Sector: Banks
    IndusInd Bank Ltd. Sector: Banks
    Bank of Baroda Sector: Banks
    RBL Bank Ltd. Sector: Banks
  • PNB - More Information

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    Punjab National Bank:
    Punjab National Bank is a well-known bank of India which provides financial services to its clients. The company provides services for almost every sector, be hat household loans or even international commercial loans.
    The company offers insurance services in case of any human-made and a few natural disasters. Further, the company helps in Mobile banking, e-banking, cardless transaction and various passbooks for various accounts.
    As recorded on March 31, 2019, it has a network of 6,989 branches and 9,255 ATMs in India. The company was established in 1895 and is headquartered at Delhi.
    About Company Information:
    Punjab National Bank was initially established at Lahore. It is the first bank to be established completely with Indian capital. In the year of 1969, the bank was nationalized.
    In 1993, they achieved the New Bank of India. In 1996, they designed a schemed which allowed the clients to derive funds from off- country schemes. They also set up an outlet in Kazakhstan. In 2000, they introduced the scheme of providing loans against immovable belonging of property, gold scheme loans and a credit card with collaboration with HSBC. In 2002, the Bank released its first IPO for 5, 30, 60,700 equity shares which reduced the governments holding in the bank. In 2002, they started a branch in Bangalore known as the MCD to provide credit limits to their corporate clients. They made joint ventures with both Infosys and CISCO for their huge investment
    In 2003, the Bank took over NBL. The bank invested in opening outlets in London, USA during this year and collaborated with Vijaya Bank for Life Insurance, Pensions and Asset Management business. They also made a venture with IL and FS for domestic loans.
    In 2004, the Bank attained the assets of Hindustan Transmission Product Ltd. They signed an agreement (ECGC). They signed MoU with Intel, ICICI bank and awarded a project to TCS. Branches were established in Kabul and Shanghai. The collaboration was made with Everest Bank in Nepal. In 2005, the Bank started an ATM at Edappal and a representative office in Dubai.
    In 2006, the Bank tied up MasterCard International for debit cards and Indian Airlines for the booking of tickets. In 2007, the Bank signed an MoU with IIFC. In 2008, PNB started commercial banking in Hong Kong. By 2008-09, collaboration with LÍC and Oriental Insurance occurred. In 2009, they launched their credit cards commercially with two types of credit cards, Gold and Classic. The same year, PNB entered into an agreement with Tata Motors.
    By 2009-10, the Bank established 524 domestic branches and 1400 ATMs. A representative office was established in Bhutan and Norway. They introduced the Corporate Credit Card. In 2009, the Bank introduced a subsidiary company called PNB Investment Services Ltd.in the same year; they signed a conjecture with FIM Bank (Malta), Banca IFIS, Italy and Blend Financial Services Ltd,
    The number of branches rose to 5189 at the end of March 2010. The bank opened a branch in Sydney in the same year. On January 12 2011, PNB bought PFG, Mauritius and U K Paints. On February 15 2011, PNB entered signed the agreement with Weizmann Forex Ltd., Mumbai under MTSS. On April 28 2011, PNB declared the allotment of 15.09 lakh equity share at issue price of Rs.1218.82 per capital share to the Government of India.
    On March 6 2013, PNB announced that it had received a lump-sum capital of Rs.1247.99 crore from the Government of India. The span of 2015 to 2017 saw the selling of stakes of various companies which were in collaboration with PNB. The directors kept in announcing the various deals and the selling of equity shares. This continued up to 2018.
    On February 12 2018, after an investigation, total fraud of Rs.11394.02 crore in case of illegal issuance of Letters of Undertakings, Foreign Letter of Credits and Inland Letter of Guarantees in the accounts of Nirav Modi Group and M/s Gitanjali Group and in the account of M/s. Chandri Paper & Allied Products Pvt. Ltd. The entire matter was reported to RBI. On February 26 2018, PNB reported that the fraud amount could increase by about USD 204.25 million.
    How Punjab National Bank, is categorised as Banks Sector, and Finance Industry :
    The Financial Industry is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
    The main sectors that are into the Financial industry are,
    • Accounting and Bookkeeping.
    • Financial Markets and Planning.
    • Banking and General Financial Services.
    • Mortgage and Financial Broking.
    • Insurance and Superannuation.
    • Specialised Financial Services.
    Punjab National Bank comes under the Banking sector. The banking sector is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking sector in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
    Punjab National Bank, Competitors and Sector Peers:
    Allahabad Bank ALLABA
    Andhra Bank ANDBAN
    Bank of India BANOFI
    Bank of Maharashtra BANK5
    Canara Bank CANBAN
    Central Bank of India CENTRB
    Corporation Bank CORBAN
    IDBI Bank Ltd. INDDEV
    Indian Bank INDIBA
    Indian Overseas Bank INDOVE
    Oriental Bank of Commerce ORIBAN
    Punjab & Sind Bank PUNSI
    Punjab National Bank PUNNAT
    State Bank Of Bikaner and Jaipur [Merged] STABAN
    State Bank of India STATEB
    State Bank Of Mysore STATE3
    State Bank of Travancore [Merged] STATE6
    Syndicate Bank SYNBAN
    UCO Bank UCOBAN
    Union Bank of India UNIBAN
    United Bank of India UNITBA
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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