The stock had a 52-week high of Rs 142.9 and low of Rs 58.72. The stock has a return on equity of 8.92 percent. Around 3,285,517 shares have been traded so far.
Its beta, which measures volatility relative to the overall stock market, was 1.78.
The stock has performed well in the past one year, rallying 84.86% compared to the Sensex index’s 18.08% gain.
technical
On the technical chart, the stock’s 200-day moving average (DMA) was Rs 58.72 and its 50-day moving average was Rs 123.24 on August 5. When a stock is trading significantly above its 50-day and 200-day moving averages, it usually means that the immediate trend is up. On the other hand, when a stock is trading significantly below both the 50-day and 200-day moving averages, it is considered a bearish trend and when it is trading between these averages, it suggests that the stock can move in either direction.
Promoter/FII Holdings
As of June 30, 2024, promoters hold 73.15% of Punjab National Bank’s shares. Mutual funds and foreign institutional investors hold 1.91% and 5.51% shares, respectively.
