Punjab & Sind Bank is currently trading at Rs. 20.40, up by 0.45 points or 2.26% from its previous closing of Rs. 19.95 on the BSE.
The scrip opened at Rs. 20.25 and has touched a high and low of Rs. 20.85 and Rs. 19.75 respectively. So far 4292 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.25 on 21-Dec-2018 and a 52 week low of Rs. 18.35 on 17-Sep-2019.
Last one week high and low of the scrip stood at Rs. 21.50 and Rs. 19.45 respectively. The current market cap of the company is Rs. 1204.12 crore.
The promoters holding in the company stood at 85.56%, while Institutions and Non-Institutions held 8.67% and 5.77% respectively.
Punjab & Sind Bank’s board has approved the capital infusion up to Rs 800 crore by Government of India by way of Preferential Issue of Equity shares.
Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.
