पीएनबी के शेयर 1 लाख करोड़ रुपये के बाजार पूंजीकरण क्लब में शामिल होने वाला तीसरा सार्वजनिक क्षेत्र उपक्रम (पीएसयू) बन गया।

On Friday, Punjab National Bank (PNB) witnessed a 2.11% increase in its shares, reaching a one-year high at Rs 91.81, settling eventually at Rs 91.24 with a 1.48% gain. The trading turnover amounted to Rs 38.61 crore, establishing a market capitalization of Rs 1,00,464.51 crore.

PNB now holds the distinction of being the third state-owned lender, following State Bank of India (SBI) and Bank of Baroda (BoB), to achieve a market valuation surpassing Rs 1 lakh crore.

On the Bombay Stock Exchange (BSE), approximately 42.52 lakh shares changed hands, a figure below the two-week average volume of 38.61 crore.

As of September 2023, the promoters retained a 73.15% stake in the public sector lender.

For the September quarter (Q2 FY24), PNB reported an impressive 327% year-on-year (YoY) increase in net profit, soaring to Rs 1,756 crore compared to Rs 411.27 crore in the same period last year. Additionally, the net interest income (NII) for the current fiscal's September quarter rose to Rs 9,923 crore.

Shares of PNB became the third public sector undertaking (PSU) to join the Rs 1 lakh crore market capitalization club.