More than 7% of PNB shares after disappointing second quarter figures

PNB shares, T2 net income, BSE, NSE, NPAThe market value of the company also decreased by 1,598.02 crores of rupees to BE 21,228.98 crores of RDA on BSE. (PTI)

Shares of the Punjab National Bank fell by more than 7% on Friday after the company reported a staggering loss of Rs 4,532.35 crore for the second quarter ended September 2018, due to higher bad debts. The script dropped 7% to close at 69.05 rupees against BSE. In one day, he plunged 8.35% to 68.05 rupees. In NSE, the company's shares fell by 7.20% to end at 68.95 rupees. The market value of the company also decreased from 1,598.02 crores to $ 21,222.98 crores on BSE.

In terms of volume of shares, 91.75 lakh shares of the company were traded on the BSE and more than 9 crores of shares changed hands at NSE during the day. The public bank achieved a net profit of Rs 561 billion in the quarter from July to September 2017-2018. His total income during the quarter of September 2018-2019 fell to 14,035.88 crores of rupees, compared to 14,205.31 crores of Rs the previous year, announced PNB in ​​a document on BSE .

The share of gross advances of the bank in gross advances increased sharply to reach 17.16% (81,250.83 UK Crores) at the end of September 2018, against 13.31% (57,630.11 RU crore). ) a year ago.

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