On Wednesday, at 1:28 PM (IST), shares of Punjab National Bank (PNB) were down by 2.35%, trading at Rs 103.5. This came as the BSE benchmark Sensex fell by 403.09 points, landing at 80,281.36. The previous closing price for PNB was Rs 106.
For PNB, the highest price over the last year was Rs 142.9, while the lowest was Rs 84.79. By 1:28 PM, about 753,834 shares had been traded, totaling Rs 7.88 crore. Currently, PNB’s shares are valued at 8.23 times its earnings per share (EPS) of Rs 12.59 from the last year and 1.34 times its book value.
A higher Price-to-Earnings (P/E) ratio indicates that investors believe PNB will grow, allowing them to pay more for its shares today. The Price-to-Book (P/B) value shows how much investors think the company is worth even if it doesn’t grow. PNB has a Beta value of 1.78, meaning its stock is more volatile than the overall market.
Shareholder Breakdown: As of September 30, 2024, promoters own 70.08% of the bank. Foreign Institutional Investors (FIIs) own 8.41%, and Domestic Institutional Investors (DIIs) hold 2.87%.
Technical Insights: The Relative Strength Index (RSI) for PNB stock is currently 44.2. The RSI ranges from 0 to 100. Generally, if the RSI goes over 70, it means the stock is overbought, and under 30 means it’s oversold. Analysts suggest not relying solely on the RSI or any single valuation to make buying or selling decisions.
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