Punjab National Bank is currently trading at Rs. 39.35, up by 3.55 points or 9.92% from its previous closing of Rs. 35.80 on the BSE.
The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 39.35 and Rs. 35.90 respectively. So far 15694899 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 66.95 on 03-Jan-2020 and a 52 week low of Rs. 26.30 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 40.90 and Rs. 33.30 respectively. The current market cap of the company is Rs. 36701.45 crore.
The promoters holding in the company stood at 85.59%, while Institutions and Non-Institutions held 6.97% and 7.45% respectively.
Punjab National Bank (PNB) is planning to hold roadshow for the proposed Rs 7,000 crore qualified institutional placement (QIP) issue. The bank will be participating again in the non-deal roadshow and meeting prospective investors on December 7-8, 2020. The bank has taken approval for raising Rs 7,000 crore through the Qualified Institutional Placement route this fiscal. In a non-deal roadshow, nothing is for sale.
The bank has already taken approval from the board for raising Rs 14,000 crore by way of Tier II, Additional Tier 1 (AT-1) bonds, and QIP. Of this, Rs 4,000 crore is for Tier II. Against this, the company raised Rs 2,500 crore, and the remaining Rs 1,500 crore and an additional Rs 3,000 crore from AT-1 bonds will be raised before November 30. With respect to the QIP of Rs 7,000 crore.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
| Company Name | CMP |
|---|---|
| SBI | 816.05 |
| Bank Of Baroda | 236.10 |
| Canara Bank | 96.95 |
| PNB | 99.82 |
| Union Bank Of India | 114.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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