PNB Inventory Down: Shares of state-run Punjab Nationwide Financial institution (PNB) fell greater than 11 per cent in the present day. Shares of PNB fell 11.17 per cent to a 52-week low of Rs 29.40 on BSE and NSE. In yesterday’s outcomes, there was a 66 per cent decline in PNB’s single web revenue for the quarter ended March 2022.
How is the enterprise in PNB’s inventory going at 12:40 pm
At 12:40 pm, the inventory of Punjab Nationwide Financial institution has damaged additional than its 1-year low. The share of PNB has come down by Rs 3.90 i.e. 11.78 p.c to Rs 29.20 per share.
Shares of Punjab Nationwide Financial institution went right down to Rs 29.05
In the present day PNB’s inventory had come right down to a low of Rs 29.05, which is lower than its 52-week or one-year low.
PNB shares fall over 11 per cent after fourth quarter outcomes
On Wednesday, PNB’s single web revenue for the fourth quarter of the final monetary yr ended March 2022 fell 66 per cent to Rs 202 crore. As a consequence of this, the financial institution had earned a web revenue of Rs 586 crore in the identical quarter of the earlier monetary yr.
PNB despatched info to the inventory market
In a communication despatched to the inventory exchanges, the financial institution mentioned on Wednesday that its complete standalone revenue through the quarter stood at Rs 21,095 crore, as in opposition to Rs 21,386 crore within the year-ago interval.
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