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Punjab National Bank rises on signing MoU with REC

27 Sep 2023 Evaluate

Punjab National Bank is currently trading at Rs. 79.77, up by 0.43 points or 0.54% from its previous closing of Rs. 79.34 on the BSE.

The scrip opened at Rs. 79.92 and has touched a high and low of Rs. 80.40 and Rs. 79.50 respectively. So far 951565 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 81.35 on 26-Sep-2023 and a 52 week low of Rs. 34.25 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 81.35 and Rs. 74.60 respectively. The current market cap of the company is Rs. 88473.51 crore.

The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 15.27% and 11.58% respectively.

Punjab National Bank (PNB) has signed memorandum of understanding (MoU) with REC to jointly explore the possibility to fund the Power Sector and Infrastructure and Logistics Sector projects under the consortium arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs 55,000 crore over the next three years.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

PNB Share Price

114.70 0.70 (0.61%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1096.05
PNB 114.70
Bank Of Baroda 250.00
Canara Bank 131.50
Union Bank Of India 183.35
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