• Punjab National Bank Share Price

    Punjab National Bank, also known as PNB, is a state-owned, Indian multinational banking and financial services corporation. It serves more than 80 million customers and has its presence in several countries like Kazakhstan, United Arab Emirates, China, and Australia.

    *Note: Prices that are specified below is based on INR

    PNB Historical Share Price (NSE)

    DateOpenCloseHighLowChange
    26-Oct-1866.0066.1567.2565.250.23%
    25-Oct-1865.2065.6566.7065.000.69%
    24-Oct-1865.8065.8066.3564.600.00%
    23-Oct-1865.4564.7566.2563.85-1.07%
    22-Oct-1866.9065.7067.4565.40-1.79%
    19-Oct-1866.2066.0067.4065.25-0.30%
    17-Oct-1871.0066.5071.1566.10-6.34%
    16-Oct-1868.2069.9570.3567.852.57%
    15-Oct-1867.0067.5567.9565.350.82%
    12-Oct-1865.1066.5067.6565.052.15%
    11-Oct-1864.0064.3066.0063.100.47%
    10-Oct-1862.8066.3066.9562.305.57%
    09-Oct-1863.4562.6563.9061.50-1.26%
    08-Oct-1864.0062.8564.6061.10-1.80%
    05-Oct-18 65.00 - - - -
    04-Oct-18 63.15 64.80 65.50 62.85 2.55%
    03-Oct-18 63.80 64.65 66.35 62.70 1.31%
    01-Oct-18 60.00 63.20 63.55 58.55 5.06%
    28-Sep-18 62.55 59.70 63.40 58.45 -4.77%
    27-Sep-18 67.70 62.50 67.70 61.25 -8.32%
    26-Sep-18 68.15 67.05 69.20 66.25 -1.64%
    25-Sep-18 69.15 66.95 69.65 63.65 -3.29%
    24-Sep-18 74.00 69.20 74.40 68.65 -6.94%
    21-Sep-18 79.55 72.85 80.35 67.40 -9.20%
    19-Sep-18 79.50 79.25 80.75 78.70 -0.32%
    18-Sep-18 82.20 79.30 82.60 78.60 -3.66%
    17-Sep-18 82.40 83.00 84.05 81.00 0.72%
    14-Sep-18 82.70 82.80 83.30 82.05 0.12%
    12-Sep-18 81.80 81.15 82.35 79.20 -0.80%
    11-Sep-18 83.80 81.70 84.50 81.40 -2.57%
    10-Sep-18 83.75 82.70 85.00 82.00 1.27%
    7-Sep-18 83.35 84.40 84.65 82.45 1.24%
    6-Sep-18 84.00 83.25 84.70 82.85 -0.90%
    5-Sep-18 83.20 83.10 83.85 81.40 -0.12%
    4-Sep-18 86.40 83.15 86.85 82.85 -3.91%
    3-Sep-18 88.30 86.35 89.30 86.00 -2.26%
    31-Aug-18 84.50 88.15 88.45 83.65 4.14%
    30-Aug-18 84.10 85.10 85.90 83.60 1.18%
    29-Aug-18 83.40 84.15 84.80 82.90 0.89%
    28-Aug-18 85.50 82.90 85.80 82.50 -3.14%
    27-Aug-18 86.50 85.25 87.15 85.00 -1.47%
    24-Aug-18 85.20 85.80 87.90 85.05 0.70%
    23-Aug-18 83.70 84.50 85.95 82.00 0.95%
    21-Aug-18 84.25 83.65 84.90 83.25 -0.71%
    20-Aug-18 84.00 84.20 84.90 82.80 0.24%
    17-Aug-18 79.15 83.45 83.90 82.30 5.15%
    16-Aug-18 79.15 81.55 82.75 78.65 2.94%
    14-Aug-18 81.00 79.90 81.85 79.50 -1.38%
    13-Aug-18 82.50 80.40 82.65 79.60 -2.61%
    10-Aug-18 83.95 83.25 84.75 82.60 -0.84%
    09-Aug-18 81.70 83.40 83.85 81.15 2.04%
    08-Aug-18 85.70 80.45 83.60 80.05 -6.53%
    07-Aug-18 85.70 82.85 91.55 82.50 -3.44%
    06-Aug-18 85.70 85.15 86.70 84.45 -0.65%
    03-Aug-18 85.70 88.15 89.30 85.50 2.78%
    02-Aug-18 86.10 85.70 86.70 84.45 -0.65%
    01-Aug-18 85.10 87.40 88.70 84.50 2.63%
    31-Jul-18 86.00 85.10 87.20 84.30 1.06%
    30-Jul-18 83.25 85.90 86.95 83.25 3.08%
    27-Jul-18 81.10 82.00 84.45 80.85 1.10%
    26-Jul-18 80.10 80.85 81.75 79.70 0.93%
    25-Jul-18 79.60 79.25 80.45 78.40 -0.44%
    24-Jul-18 79.40 79.30 80.30 78.30 -0.13%
    23-Jul-18 75.55 78.95 79.80 74.95 5.07%
    21-Jul-18 75.50 75.55 76.20 74.70 0.07%
    20-Jul-18 75.55 - - - -
    19-Jul-18 75.55 75.30 76.90 74.20 -0.33%
    18-Jul-18 80.0075.2081.9574.50-6.38%
    17-Jul-18 74.3078.7079.8074.105.53%
    16-Jul-18 75.2073.8575.4073.50-1.83%
    13-Jul-18 76.3073.8576.3573.15-3.21%
    12-Jul-18 76.10 75.75 77.70 75.75 -0.46%
    11-Jul-18 78.00 75.55 78.20 75.35 -3.24%
    10-Jul-18 78.25 77.85 78.90 77.45 -0.51%
    09-Jul-18 78.00 77.80 78.60 77.45 -0.26%
    06-Jul-18 76.05 76.95 78.00 75.45 1.17%
    05-Jul-18 75.95 75.55 78.00 75.15 -0.53%
    04-Jul-18 76.90 76.10 77.15 75.60 1.60%
    03-Jul-18 78.00 77.15 78.15 75.85 -1.10%
    02-Jul-18 76.80 78.15 79.75 74.40 1.73%
    29-Jun-18 73.55 76.15 76.35 73.55 3.41%
    28-Jun-18 79.50 72.80 78.50 71.65 -9.20%
    27-Jun-18 79.50 76.75 80.25 75.25 -3.58%
    26-Jun-18 79.50 79.85 81.15 78.85 0.44%
    25-Jun-18 81.90 79.80 82.40 79.50 -2.63%
    22-Jun-18 83.40 81.90 83.70 81.60 -1.83%
    21-Jun-18 86.25 83.40 86.55 83.20 -3.42%
    20-Jun-18 86.80 86.20 87.60 85.70 -0.80%
    19-Jun-18 88.30 86.80 89.65 86.45 -1.73%
    18-Jun-18 89.50 88.50 90.65 88.20 -1.13%
    15-Jun-18 92.10 89.85 93.15 89.60 -2.50%
    14-Jun-18 91.00 92.30 91.70 89.30 0.76%
    13-Jun-18 92.15 91.30 93.20 90.90 -0.93%
    12-Jun-18 91.40 91.75 92.70 90.65 0.38%
    11-Jun-18 92.00 91.60 94.70 91.10 -0.38%
    08-Jun-18 86.00 90.45 91.20 85.40 4.92%
    07-Jun-18 85.10 86.10 86.85 84.35 1.16%
    06-Jun-18 82.75 84.70 85.50 82.30 2.30%
    05-Jun-18 83.20 82.65 83.80 81.05 -0.67%
    04-Jun-18 83.60 83.20 85.00 82.20 -0.48%
    1-June-18 84.00 82.95 84.85 82.05 -1.27%
    31-May-18 86.65 83.65 87.00 83.25 -3.59%
    30-May-18 84.60 86.10 87.00 84.30 1.74%
    29-May-18 88.50 85.65 89.20 85.25 -3.33%
    28-May-18 83.70 88.70 89.60 83.60 5.64%
    View MoreLess

    Market Capitalisation

    The total market capitalisation of Punjab National Bank, as of March 2018, is close to Rs.24,490 crore.

    Company’s Wealth and Recent Performances

    PNB Q1 FY 2018-19 Results
    • The state-owned Punjab National Bank reported better-than-expected financial results for the said quarter with the lender’s net loss coming in at Rs.940 crore as against Rs.343.40 crore during the same period last fiscal.
    • The company’s net interest income for the quarter stood at Rs.4,691.86 crore as compared to Rs.3,855.13 crore posted during the same period last year.
    • The lender made a provision of Rs.320.83 crore in respect of 27 borrower accounts under the provisions of Insolvency and Bankruptcy Code and RBI directions. The total provisions stood at Rs.10,670.75 crore.
    • It improved its Non-Performing Assets (NPA) percentage as the bank’s gross NPAs stood at 18.26% as against 18.38% during the previous quarter.
    Punjab National Bank Annual Report 2017-18
    • The bank’s net loss for the year ending March 2018 stood at Rs.12,130 crore as compared to a net profit of Rs.1,187 crore in FY17.
    • The total assets of the bank during 2018 fiscal inclined by 6.32% from Rs.7,20,331 crore as of 31 March 2017 to Rs.7,65,830 crore as of 31 March 2018. The bank’s loan portfolio also increased by 3.39%, while its net investment was up by 7.27%.
    • During the year financial year ending 31 March 2018, the net interest income stood at Rs.14,992 crore, while its overall operating profit during FY18 stood at Rs.10,294 crore.
    • Despite being hit by a fraud, the lender achieved new milestones including a new landmark with domestic business crossing Rs.10 crore.
    • During the said fiscal, the bank raised Rs.5,000 crore through Qualified Institutional Placement (QIP) to give its capital a much-needed boost. Additionally, the Government of India infused Rs.5,473 crore in March 2018.
    Punjab National Bank Q3 FY 2017-18 Results
    • In its Q3 FY18 financial report, PNB stated that its global business had crossed Rs.11 lakh crore, while the global deposit count is Rs.6.47 lakh crore. Comparing these numbers with the same period last year will reveal that there has been an increase in y-o-y growth of 10.2% and 5.2% respectively.
    • Similarly, gross advances have also increased by 17% as of December 2017 to Rs.4,74,952 crore, over the same quarter last year. In loans segment, retail loans registered a 22% growth whereas housing loans grew by 19%.
    • PNB’s CASA ratio, that is the ratio of current and savings account to total deposits, increased to 45.5% in the third quarter, making it one of the best figures among the nationalised banks.
    • Looking at company’s profitability, its profit margin has grown to Rs.10,742 crore - a 28.9% increase over the same period last year. However, net profit decreased to Rs.230 crore from Rs.561 crore in Q2 FY18. One of the main factors driving this decline in profit was the increase in provision from Rs.2,718 crore in Q2 FY18 to Rs.4,016 crore in Q3 FY18.
    • Considering the asset quality of the bank, there has been a slight improvement in gross NPAs (Non-Performing Assets) and net NPAs. PNB’s gross NPAs, at the end of third quarter, stood at 12.11% whereas its net NPAs was 7.55%. In comparison to the previous quarter, this serves as a minor improvement.
    Punjab National Bank Stock Trends in 2018
    • When trading began on the 1st of January 2018, the Punjab National Bank share price stood at Rs.169.75. It rose to touch Rs.194.65 before losing more than 25 points to end the month at Rs.171.35.
    • The stock of PNB fell by 4 points on the 1st of February to end the day at Rs.167.55 with the stock declining significantly over the course of the month in the backdrop of a scam to the tune of approximately Rs.14,000 crore. The bank’s scrip crashed to end the month at Rs.101.40.
    • On the 1st of March, the scrip price of the bank stood at Rs.101.05 and declined considerably to end the month at Rs.95.30.
    • The scrip gained slightly on the 2nd of April to end the day’s trading at Rs.96.30 and remained stable for the remainder of the month with the share price of bank standing at Rs.95.40 on the last day of the month.
    • The stock declined further on the 2nd of May when it stood at Rs.92.80 and dropped to an all-time low of Rs.74.75 on the 18th; however, it recovered to end the month at Rs.83.65.
    • The stock lost nearly a point to end at Rs.82.95 on the 1st of June before losing more than 10 points to end at Rs.72.80 on the 28th and ended the month at Rs.76.15.
    • The scrip gained 2 points on the 1st of July to end the day at Rs.78.15 and by the end of the month, the stock moved upwards to end the month at Rs.85.10.
    • The bank’s stock price on the 1st of July stood at Rs.87.40 and remained stable over the course of the month, even as the bank posted a lower than expected net loss of Q1 FY19, to end at Rs.88.15.

    Punjab National Bank Stock History in 2016 and 2017

    • PNB share price at the start of 2016 was close to Rs.100 on NSE and BSE. By the end of the month, the stock price of PNB had dipped below Rs.100. When Q3 FY16 results were announced in early February, the share price took another hit owing to a sluggish performance. Things were made worse when the financial entity announced its plan to sell bad loans worth Rs.3,000 crore to asset reconstruction companies in the fourth quarter of FY2016. This led to PNB stocks exchange hands at close to Rs.70.
    • In early March, the bank announced a change in directorate which did little to boost investors confidence. Throughout the month, the share price remained close to Rs.85. The month of April saw the lender move to the marginal cost of fund based lending system, and by the end of the month, the stock price was slowly treading towards Rs.90 on the back of updates and revision in ratings.
    • However, NSE and BSE failed to sustain this rise driven by a poor performance in the March quarter, as stated in the Q4 FY16 results and annual financial report for the year. By late May, the stocks were being traded at less than Rs.75.
    • The month of June saw a steady recovery in the share price of PNB. This was led by a revision in the marginal cost of fund based lending rates (MCLR) and the change in the directorate. By late June, Dilip Kumar Saha ceased to be director of the bank. On the prospect that things will change owing to new leadership, PNB stock price crossed Rs.100 at the end of June 2016.
    • By July, the share price had recovered well and PNB stocks were being traded at around Rs.120-130. This trend was observed through August as well.
    • In September, Government of India announced its plan to infuse capital into the bank, which was followed by the appointment of new director and change in the MCLR. These developments kept the stock price close to Rs.140.
    • The month of October didn’t see any major developments in stock price. In November 2016, the share price touched Rs.160 for a short time owing to demonetisation. However, this was followed by a rapid decline in price. The closing price at the end of the year was Rs.115 on NSE and BSE.
    • The month of January started well for prospective borrowers as PNB announced a cut in MCLR by 70 basis points. By mid-Jan, the share price on NSE and BSE was hovering around Rs.130, owing to the MoU the bank signed with Indian Post Payments Bank to provide technology platform.
    • In early February, PNB posted Q3 FY17 results where it reported exceptional numbers. This led the share price to cross Rs.150, but it was followed short dip owing to a strike that was planned by the United Forum of Bank Unions. The month of March went by smoothly without any major nosedives. PNB share price, in this period, was steadily moving up to Rs.150. This rise was strengthened when the bank announced that it had raised Rs.250 crore through debentures.
    • The share price in the month of April had crossed Rs.150 and it appeared that the investors were in for a treat. By early May, PNB stocks were exchanging hands at close to Rs.180 - a rise which took many investors by surprise. After a decent performance in the fourth quarter, the share price did not take a major hit and it stabilised close to Rs.150.
    • This was approximately the case in the month of June as well, when the shares were being traded for roughly Rs.140-150. For a short while, the stock price did go below Rs.140, but it managed to recover by early July.
    • Throughout the month of July, the shares were being exchanged at close to Rs.150. However, in August, the stock price of PNB took a tumble on NSE and BSE, and went down to Rs.140. That month also saw yet another revision in the MCLR by PNB - a cut by 25 basis points.
    • Things did not vary dramatically through September. This was roughly the case in the month of October too, when the share price remained close to Rs.140.
    • However, in late October, PNB signed a pact with Engineering Export Promotion Council of India (EEPC) to provide access to merchant exporters and small-medium sized enterprises. This development led the stock price to cross Rs.200 in a matter of two days. The closing price at the end of October was Rs.197.
    • For a short while in November, PNB shares were traded at close to Rs.200 but as the month went by, the price found some stability around Rs.180. By the end of the year, the share price had dipped slightly, only to close at Rs.171 on the back of weak global cues.

    Should you invest in PNB?

    • Punjab National Bank, one of the largest public-sector banks in the country, was recently hit by the news of fraudulent loans scam worth Rs.11,000 crore. Considering that it is highly unlikely that the bank will be able to recover this money anytime soon, investors went into the panic mode and unloaded shares as soon as they can. As a result of this, the PNB stock price took a massive nosedive and in two just a matter of days, PNB lost one than one-third of its market capitalisation.
    • This has led the PNB shares to be traded at around Rs.100 - the same value at which they were in early 2016. Furthermore, the bank is plagued by the issue of non-performing assets with its gross NPAs and net NPAs count being one of the largest in the sector. In order to deal with these bad loans, PNB has increased its allocation towards provision which, in turn, will drastically affect the profitability as seen in the Q3 FY18 results. In addition to this, the Reserve Bank of India has withdrawn all the existing debt restructuring methods like SDR (Strategic Debt Restructuring) and CDR (Corporate Debt Restructuring), and has asked the banks to implement a resolution plan to deal with bad loans. Failure to do so will result in the NPA accounts to be dealt under the Insolvency and Bankruptcy Code.
    • While this may appear to be harsh, it is important to remember that these measures serve as a safeguard to avoid any such disasters in the future. For many investors, now may seem like the right time to buy the shares again, especially if the intention is to keep them for a long term. It is also important to remember that PNB share’s value will be vastly affected by the news over the next couple of weeks, if not, months. The bank will recover from this, though it won’t be quick and easy.
    • In the long run, the fundamentals will come into play. If you look at the numbers over the years, the bank is capable of generating a profit. However, patience is the key here. Alternately, if you are looking for a safer investment in the banking sector as a part of your diversified portfolio, you can look at private banks where the NPAs count is lower and the management is fairly superior. It is advisable to carry out your own research before investing.

    Company Information

    Punjab National Bank, also known as PNB, is a banking and financial institution that deals in several financial products like home loans, car loans, personal loans, credit cards, mutual funds, et cetera. The bank is among the oldest public-sector banks in the country. PNB is also rapidly expanding its foothold in the field of digital banking. Over the years, they have served millions of customers and have acquired 7 banks in the process. As for September 2017, PNB has more than 6,900 domestic branches and 9,700 ATMs in the country. The bank’s vision is to be the most preferred bank for its patrons and to be the best place to work in, for the employees.

    History of the Company

    Punjab National Bank was founded back in 1894 in Lahore, present-day Pakistan, with the intention of creating a nationalised bank that will towards the betterment of the Indian economy. Inspired by the Swadeshi movement, the founding board comprised of people from different backgrounds, all of whom had the same goal - to start a national bank with Indian capital and management. Some of these founders were Lala Dholan Dass, Lala Harkishen Lal, Lala Lalchand, and Dyal Singh Majithia. Lala Lajpat Rai was also associated with the bank management in its early years and is widely considered to be one of the bank’s founding fathers.

    The bank opened its door for business on April 12, 1895, in Lahore, and back then, it had a working capital of just Rs.20,000. Over the years, the bank expanded and established branches outside Lahore. However, following the partition, PNB lost its grip in Pakistan and was compelled to shift its head office to India. During the process, it lost one-third of its total branches which accounted for 40% of its total deposits. Starting from the 1950s, the bank acquired several other institutions like Bharat Bank Limited, Universal Bank of India, and Indo-Commercial Bank.

    The Government of India nationalised the bank in July, 1969. The bank has had the honour of maintaining accounts of several prominent figures like Mahatma Gandhi, Indira Gandhi, and Jawaharlal Nehru.

    Management

    Sunil Mehta - Managing Director and Chief Executive Officer

    Mr. Mehta has had a rich career in the world of banking where he has held several important positions. Prior to joining PNB, he served as the Executive Director of Corporation Bank. Having been in the sector for 35 years, Mr. Mehta has served in various capacities at all the three distinct levels - branches, zonal offices and head office, where he dealt in agriculture, retail, credit, and planning & development.

    Mr. Mehta holds a postgraduate degree in agriculture, an MBA in finance and is a Certified Associate of Indian Institute of Bankers.

    Punjab National Bank Listings and Stock Indices

    PNB is listed on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE) where its shares can be bought and sold.

    Even though PNB is not a part of the major benchmark indices like NIFTY 50 and S&P BSE SENSEX, it does comprise other indices like NIFTY 100, NIFTY 200, S&P BSE 200, S&P BSE All Cap, NIFTY 500, et cetera.

    Location

    Corporate Office

    Plot No.4

    Sector - 10, Dwarka,

    New Delhi - 110075

    Stocks vs. Mutual Funds: here's what we recommend

    Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

    DISCLAIMER:

    The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.