GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

PNB Loses Rs 10,975 Crore in Market Cap in Four Days

In four trading sessions, the stock has fallen 28 percent and suffered an erosion worth Rs 10,975.16 crore from its market capitalisation. Meanwhile, shares of PNB Housing ended 0.45 per cent higher at Rs 1,206.20 on BSE.

PTI

Updated:February 19, 2018, 5:05 PM IST
facebookTwittergoogleskypewhatsapp
PNB Loses Rs 10,975 Crore in Market Cap in Four Days
File photo of Punjab National Bank.
Loading...
New Delhi: Shares of Punjab National Bank (PNB) slumped over 7 percent, extending its fall for the fourth straight session today, following the Rs 11,400-crore fraud at one its Mumbai branches.

The stock dropped 7.36 percent to end at Rs 116.40 on BSE. During the day, it plunged 9.59 percent to its 52-week low of Rs 113.60.

On NSE, shares of the company cracked 7.20 percent to close at Rs 116.50. In terms of equity volume, 98.95 lakh shares of the company were traded on BSE and over 13 crore shares changed hands on NSE during the day.

In four trading sessions, the stock has fallen 28 percent and suffered an erosion worth Rs 10,975.16 crore from its market capitalisation. Meanwhile, shares of PNB Housing ended 0.45 per cent higher at Rs 1,206.20 on BSE.

On Wednesday last week, PNB said it detected a fraud in which diamond merchant Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from one its branches for overseas credit from other Indian lenders, and is being probed by CBI and Enforcement Directorate among other agencies.
| Edited by: Tarun Bhardwaj
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.80 6.68
Reliance 1,112.20 0.47
Infosys 706.05 1.19
HDFC 1,904.10 -1.95
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.55 6.64
Jet Airways 259.95 3.22
Indiabulls Hsg 792.80 2.40
IOC 141.45 3.10
Top Gainers
Company Price Change %Gain
Bharti Airtel 319.25 5.33
Yes Bank 180.35 3.23
BPCL 345.30 3.11
IOC 141.25 2.80
ONGC 146.85 2.48
Company Price Change %Gain
Bharti Airtel 318.80 5.32
Yes Bank 180.35 3.23
ONGC 146.95 2.58
NTPC 143.65 1.84
Asian Paints 1,340.05 1.51
Top Losers
Company Price Change %Gain
HDFC 1,904.10 -1.95
HCL Tech 961.20 -1.72
JSW Steel 293.10 -1.66
Wipro 333.10 -1.64
Titan Company 931.50 -1.34
Company Price Change %Gain
HDFC 1,904.15 -1.95
Wipro 333.10 -1.67
Larsen 1,411.55 -0.95
Adani Ports 368.95 -0.65
Sun Pharma 419.75 -0.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results