Punjab National Bank (PNB) witnessed a substantial rise in its market capitalization during Thursday’s morning trading session, with a gain of approximately ₹3,683 crore. The stock surged by 3.32%, rising from its previous close of ₹96.68 to ₹99.89 on the NSE. This brought the total market cap of the bank to ₹1,14,975.40 crore.
Stock performance details:
- Opening price: ₹96.18
- High price: ₹100.41
- Low price: ₹96.13
- Total market cap: ₹1,14,975.40 crore
Investors have shown increased buying interest in PNB, with trading volumes exceeding 211 lakh shares, signaling confidence in the stock’s near-term performance.
Market outlook
The surge comes amid renewed optimism in the banking sector, with many public sector banks showing signs of resilience in the current market environment. Analysts continue to monitor PNB’s performance, particularly in light of its upcoming financial disclosures and broader sectoral movements.
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