PNB shares fall 0.04% as Nifty drops
Punjab National Bank traded 0.04 per cent down at Rs 104.9 on Wednesday at around 11:45AM (IST), while the benchmark BSE Sensex declined 387.68 points to 81432.44.
As many as 161,723 shares changed hands on the counter with a total value of Rs 1.69 crore.
The stock quoted a 52-week high price of Rs 142.9 and a 52-week low of Rs 67.34.
On the technical charts, the 200-DMA of the stock stood at Rs 118.65, while 50-DMA was at Rs 110.59. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 39.35 per cent in the past one year, while Sensex has risen 23.35 per cent during the same period.
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