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18-Apr2017

Punjab National Bank rises on launching three new products

Punjab National Bank is currently trading at Rs. 160.50, up by 1.65 points or 1.04% from its previous closing of Rs. 158.85 on the BSE.

The scrip opened at Rs. 159.00 and has touched a high and low of Rs. 163.40 and Rs. 158.50 respectively. So far 514829 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. 163.40 and Rs. 154.00 respectively. The current market cap of the company is Rs. 34132.61 crore.

The promoters holding in the company stood at 65.01%, while Institutions and Non-Institutions held 29.52% and 5.47% respectively.

PNB has launched three new products on the occasion of its 123rd Foundation Day. These three products are: automated electronic toll collection to facilitate hassle-free toll payment/collection; credit card mobile app; and a scheme for financing grid connected roof solar power projects.

Further, a mobile app to facilitate the bank's staff to do their HR-related operations was also launched.


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