Punjab National Bank cuts base rate; stock flat
Punjab National Bank is currently trading at Rs. 133.8, up by 0.26% from its previous closing of Rs. 133.45 on the BSE.The bank has cut its Base Rate by 40 bps to 9.6% with effect from October 1.The scrip opened at Rs. 135 and has touched a high and low of Rs. 135 and Rs. 133.2 respectively. So far 738521(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24749.06 crore.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 231.5 on 19-Dec-2014 and a 52 week low of Rs. 123.6 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 137.95 and Rs. 130.8 respectively.The promoters holding in the company stood at 59.86 % while Institutions and Non-Institutions held 34.55 % and 5.6 % respectively.The stock is currently trading above its 200 DMA.
Source : http://www.indiainfoline.com/article/news-top-story/punjab-national-bank-cuts-base-rate-stock-flat-115100100443_1.html
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