Punjab & Sind Bank is currently trading at Rs. 15.00, up by 1.36 points or 9.97% from its previous closing of Rs. 13.64 on the BSE.
The scrip opened at Rs. 14.00 and has touched a high and low of Rs. 16.09 and Rs. 14.00 respectively. So far 31370 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.00 on 24-May-2019 and a 52 week low of Rs. 9.20 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 16.09 and Rs. 11.95 respectively. The current market cap of the company is Rs. 1058.59 crore.
The promoters holding in the company stood at 83.06%, while Institutions and Non-Institutions held 6.97% and 9.97% respectively.
Punjab & Sind Bank is going to raise up to Rs 1500 crore through equity and preferential issue of shares. The decision was taken at the board meeting held on April 15, 2020.
The board of directors in its meeting resolved and approved to raise equity capital through qualified institutional placement (QIP) up an amount of Rs 750 crore in one or more tranches within a period of 12 months. The board also approved raising equity capital by way of preferential issue up to an amount of Rs 750 crore in one or more tranches.
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.
Company Name | CMP |
---|---|
SBI | 806.90 |
Bank Of Baroda | 268.10 |
PNB | 135.80 |
Canara Bank | 617.45 |
Union Bank Of India | 154.25 |
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