GET Stock QuotesNews18 APP
News18 English
»
1-min read

Punjab National Bank Slumps for 3rd Straight Day; Hits 52-Week Low

The stock hit its 52-week low on both BSE and NSE today after it opened on a bearish note and fell 3.27 per cent to Rs 124.15 on BSE. Similarly on NSE, the stock dropped to a low of Rs 123.40.

PTI

Updated:February 16, 2018, 10:35 AM IST
facebookTwittergoogleskypewhatsapp
Punjab National Bank Slumps for 3rd Straight Day; Hits 52-Week Low
People stand in front of the logo of Punjab National Bank outside a branch of the bank in New Delhi (File photo: Reuters)
New Delhi: Shares of Punjab National Bank continued to reel under pressure for the third consecutive day after the detection of Rs 11,400-crore fraud, slipping over 3 per cent in morning trade on bourses.

The stock hit its 52-week low on both BSE and NSE today after it opened on a bearish note and fell 3.27 per cent to Rs 124.15 on BSE. Similarly on NSE, the stock dropped to a low of Rs 123.40.

Meanwhile, shares of PNB Housing too slipped 1,36 per cent to a low of Rs 1,182.60. A fortnight after the scam was first reported, PNB Chairman and Managing Director Sunil Mehta yesterday said it has the capability to recover the dues from Modi and promised to take action against all wrongdoers.

As the Enforcement Directorate conducted multiple searches at establishments linked to Modi, seizing diamonds, jewellery and gold worth Rs 5,100 crore and sealing six properties, the finance ministry said recovery would be made and nobody would be spared.

PNB has already suspended 10 officers and referred the matter to CBI for investigation.

Also Watch

| Edited by: Sumedha Kirti
Read full article
Most Active
Company Price Change %Gain
Ashok Leyland 141.75 +7.45 +5.55
Strides Shasun 379.55 +38.55 +11.30
Reliance 930.00 -1.35 -0.14
Bajaj Finance 2,160.00 +54.55 +2.59
DLF 196.80 +3.25 +1.68
Company Price Change %Gain
Asian Paints 1,283.00 -17.00 -1.31
Strides Shasun 378.45 +37.45 +10.98
Just Dial 428.10 +20.80 +5.11
DLF 197.00 +3.10 +1.60
Ashok Leyland 141.55 +7.25 +5.40
Top Gainers
Company Price Change %Gain
Bajaj Finserv 5,905.45 +183.40 +3.21
Bajaj Auto 2,806.00 +85.45 +3.14
Bajaj Finance 2,160.80 +55.35 +2.63
Bharti Airtel 369.00 +9.00 +2.50
Dr Reddys Labs 1,929.50 +36.45 +1.93
Company Price Change %Gain
Bajaj Auto 2,805.00 +85.10 +3.13
Bharti Airtel 368.95 +8.75 +2.43
Dr Reddys Labs 1,926.40 +32.05 +1.69
NTPC 166.95 +2.60 +1.58
Larsen 1,331.00 +17.00 +1.29
Top Losers
Company Price Change %Gain
UltraTechCement 3,760.05 -92.20 -2.39
Bharti Infratel 315.80 -5.90 -1.83
IOC 162.25 -2.90 -1.76
Asian Paints 1,281.30 -20.40 -1.57
Adani Ports 378.25 -5.45 -1.42
Company Price Change %Gain
Adani Ports 378.60 -5.20 -1.35
TCS 3,519.10 -38.85 -1.09
Asian Paints 1,283.00 -17.00 -1.31
SBI 242.50 -2.60 -1.06
HDFC 1,807.00 -13.15 -0.72