Share price of PNB as Sensex drops 472.42 points
Punjab National Bank 0.71 per cent to Rs 106.20 at 10:26AM (IST) in Friday's trade. The stock hit a high of Rs 107.20 and low of Rs 105.45 so far during the session. The stock had closed at Rs 105.45 in the previous session.
The counter had a total traded volume of 10:26AM shares so far with a turnover of Rs 11.63 crore on BSE. The stock traded at a price-to-earnings multiple of 8.45 and a price-to-book ratio of 1.34.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Punjab National Bank belongs to the Banks — Public Sector industry.
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