Punjab National Bank Shares Fall Over 6% After Q2 Earnings
NDTV
Punjab National Bank (PNB): The stock declined 5.87 per cent to settle at Rs 40.10 on the BSE. During the day, it tanked 6.33 per cent to Rs 39.90.
Shares of Punjab National Bank (PNB) on Tuesday fell over 6 per cent after the firm reported a 63 per cent decline in standalone net profit for the September quarter.
The stock declined 5.87 per cent to settle at Rs 40.10 on the BSE. During the day, it tanked 6.33 per cent to Rs 39.90.
At the NSE, it fell 6.21 per cent to end at Rs 40. In traded volume terms, 80.60 lakh shares of the firm were traded at the BSE and over 14.61 crore shares at the NSE during the day.
State-owned Punjab National Bank on Tuesday reported a 63 per cent decline in standalone net profit at Rs 411 crore for the July-September quarter on account of higher provisioning for bad loans.
