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Monday, January 30, 2017

PNB Gilts Posted Yearly Rise in Net Profit, Stock Gains


PNB GiltsA renowned name in the Indian debt market, PNB Gilts was one among the firsts to be granted the Primary Dealership License by the RBI. It is a subsidiary of one of India’s largest commercial Banks, Punjab National Bank.
Today, PNB Gilts posted its Q3 result on the BSE quoting 6 per cent decline in its Net Profit in the quarterly basis but a massive 600% rise Year-On-Year. PNB Gilts share price was trading with the rise of 5% at NSE after the declaration of December quarter result.
The company’s total income has declined 5% in the quarterly basis nut its expenses have surged 62% in the same period. However, on the yearly basis, total income has gone up by 84% while its expenses have come down marginally by 3%. Year-on-Year, PNB Gilts’ net profit has surged to a stunning 607% with its EPS going up by 604% in the same time frame.
At 2:22 PM, PNB Gilts share price was quoting at Rs. 54.60, up by 5%. For the details on the stock, visit PNB Gilts share price history page of Dynamic Levels website.



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