Punjab National Bank Experiences Fifth Consecutive Day of Decline
Punjab National Bank slips for fifth straight session
Business Standard
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Punjab National Bank's stock price fell by 0.09% to ₹108.58, marking its fifth consecutive day of decline. Despite a 14.94% increase over the past year, the stock has underperformed compared to the NIFTY index, which has seen a slight decrease of 1.39%.
- 01Punjab National Bank's stock is down 0.09% today, reaching ₹108.58.
- 02The stock has dropped for five consecutive sessions.
- 03Over the past year, Punjab National Bank's stock rose by 14.94%.
- 04The NIFTY index has decreased by 1.39% during the same period.
- 05The stock's trading volume today was significantly higher than its monthly average.
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Punjab National Bank's stock is currently trading at ₹108.58, down 0.09% as of 13:19 IST on the National Stock Exchange (NSE). This decline marks the bank's fifth consecutive day of falling stock prices. Over the past year, the stock has increased by 14.94%, contrasting with a 1.39% decrease in the NIFTY index and a 0.85% rise in the Nifty Bank index. In the last month, Punjab National Bank's stock has shown a modest gain of 1.95%, while the Nifty Bank index has risen by 4.04%. Today's trading volume reached 329.75 lakh shares, significantly above the monthly average of 176.05 lakh shares. The stock's price-to-earnings (PE) ratio stands at 7.69 based on trailing twelve-month earnings ending December 2022.
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The decline in Punjab National Bank's stock may affect investor confidence and could influence the bank's market valuation.
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