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Punjab & Sind Bank shines on getting nod to raise up to Rs 500 crore through QIP

09 Dec 2019 Evaluate

Punjab & Sind Bank is currently trading at Rs. 19.80, up by 0.45 points or 2.33% from its previous closing of Rs. 19.35 on the BSE.

The scrip opened at Rs. 20.45 and has touched a high and low of Rs. 20.45 and Rs. 19.60 respectively. So far 9809 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. 16.00 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 22.70 and Rs. 19.20 respectively. The current market cap of the company is Rs. 1391.59 crore.

The promoters holding in the company stood at 80.28%, while Institutions and Non-Institutions held 8.06% and 11.66% respectively.

Punjab & Sind Bank has received an approval for raising of equity capital up to an amount of Rs 500 crore through Qualified Institutional Placement(s) in one or more tranches within a period of 12 months i.e. up to December 05, 2020.

The Board of Directors of the Bank in its meeting held on December 06, 2019, approved the same.

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.

Punjab & Sind Bank Share Price

24.72 -0.28 (-1.12%)
24-Apr-2026 12:30 View Price Chart
Peers
Company Name CMP
SBI 1093.50
PNB 112.05
Canara Bank 139.40
Bank Of Baroda 271.60
Union Bank Of India 176.15
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