Thursday, May 15, 2008

PNB banks on strong Q4 figures

Punjab National Bank jumped 5.20% to Rs 534 at 14:56 IST on BSE on reporting 128.76% surge in net profit to Rs 543.76 crore on 18.97% rise in total income to Rs 4417 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 538 and a low of Rs 503.20 so far during the day. The stock had a 52-week high of Rs 721 on 3 January 2008 and the stock hit a 52-week low of Rs 441.50 on 24 August 2007.

The bank’s current equity is Rs 315.30 crore. Face value per share is Rs 10.

The current price of Rs 534 discounts its Q3 December 2007 annualised EPS of Rs 68.69, by a PE multiple of 7.77.

Punjab National Bank (PNB)’s net profit rose 33.03% to Rs 2048.76 crore on 25.42% increase in total income to Rs 16262.50 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

The state-run bank provides treasury and banking operations. The activities include accepting deposits, lending loans and to provide other financial related services.

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