PNB share price turns ecstatic and shot up sharply by 6%. The stock opened at Rs.134 as compared to its previous closing at Rs. 132.70. The stock touched the days high and low at Rs. 141.80 and Rs.134. Currently, the stock saw spurt in volume by more than 2.03 times, 1,77,19,735 shares are traded in the counter with a traded value of Rs. 24,389.44 lacs, as per NSE. Even on 6th September the stock volume increased by more than 2.25 times.
In other news, the public sector Punjab National Bank (PNB) is going to impose a heavier fine from October on current account holders for not retaining the quarterly average balance according to the revised tariff. The revision in non-maintenance of QAB charges is going to be applied on current general accounts and PNB Smart Banking current accounts with effect from October 1.
PNB is identified by Dynamic Levels as one of the top 500 performing stocks for this quarter owing to its strong fundamentals. As of now, PNB share price is trading at Rs. 140.40.
The lower price band of the share is Rs. 119.45 and the upper price band is145.95. The 52 week high of PNB share price is observed at Rs. 146.25 on 30th Nov ’15 while the 52 week low is seen at Rs. 69.25 on 24th Feb ‘16. The Average Daily Movement of the stock is 4.18 and its average volume for last 20 days is 10339386.The stock yields 7.44% monthly returns. The market cap of the company amounts to Rs. 26056.94 (Cr) and has a book value of Rs. 198.41.In order to acquire further details on the support and resistance refer to PNB share price forecast.
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