Punjab & Sind Bank spurts 2.46%

Punjab & Sind Bank is up for a third straight session in a row. The stock is quoting at Rs 32.94, up 2.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 25218.75. The Sensex is at 82666.87, up 0.12%. Punjab & Sind Bank has risen around 5.31% in last one month.

Meanwhile, Nifty PSU Bank index of which Punjab & Sind Bank is a constituent, has risen around 4.96% in last one month and is currently quoting at 7138.35, up 1.5% on the day. The volume in the stock stood at 22.06 lakh shares today, compared to the daily average of 33.4 lakh shares in last one month.

The PE of the stock is 22.49 based on TTM earnings ending March 25.

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