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Punjab & Sind Bank Share Price (PSB)

₹64.352.88%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Punjab & Sind Bank

What's happening in Punjab & Sind Bank

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    Today's Timeline - 29 Feb

    05:58 AM

    -

    Punjab & Sind Bank to raise up to Rs 2,000 crore through public issue, rights issue, QIP or any other mode.

Key events for Punjab & Sind Bank

  • Punjab & Sind Bank Board Approves Fundraising Plan - 29 Feb, 2024

    The board of Punjab & Sind Bank has approved raising up to Rs 2,000 crore through various modes such as a Follow on Public Offer, Rights Issue, Qualified Institutional Placement (QIP), Preferential Issue, or any other combination within the next 12 months.

  • Punjab & Sind Bank Board to Consider Fundraising - 26 Feb, 2024

    The Board of Punjab & Sind Bank will meet to discuss raising funds up to Rs 2,000 crore.

  • Punjab & Sind Bank to Consider Raising Funds - 25 Feb, 2024

    State-owned Punjab & Sind Bank's board of directors will decide on raising funds up to Rs 2,000 crore through various modes including public issue, rights issue, or preferential issue on February 28, 2024.

  • Punjab & Sind Bank Stock Rallies 154% in One Year - 21 Feb, 2024

    Shares of Punjab & Sind Bank have surged by nearly 154% in the past year, boosted by improved asset quality, diversified loan profile and a strong focus on priority sector lending. The bank achieved a significant milestone in Q3 with its total business standing at ₹2,01,914 crore as of December 31, 2023. Its net worth grew by 22.78% to ₹7,454 crore during the same period.

  • Banks' Loan Loss Provisioning Continues to Drop YoY - 13 Feb, 2024

    For the eighth consecutive period, banks have shown a year-on-year drop in aggregate loan loss provisioning. Provisions for nonperforming assets fell by 11.5% to Rs 20,264.3 crore for a sample of 29 banks, indicating improving asset quality led by public sector banks. This trend is positive news for Punjab & Sind Bank and other banks in India.

  • Punjab & Sind Bank Shares Deliver Multibagger Return - 12 Feb, 2024

    Punjab & Sind Bank shares have delivered a multibagger return of 130% to investors in one year. Net Interest Income increased by around 10%, but net profits declined by around 40%. Promoters/Government hold 98.25% stake, FIIs have 0.01%, DIIs hold 0.65%, and remaining 1.09% is with retail investors.

  • PSBs Likely to Raise Capital; Extension Sought for Shareholding Norm Compliance - 08 Feb, 2024

    Financial Services Secretary Vivek Joshi has stated that PSBs are expected to raise Rs 60,000 crore as capital this fiscal year. Additionally, an extension will be sought for compliance with the minimum public shareholding norm.

  • Govt May Seek Higher Dividends from State-Owned Banks - 07 Feb, 2024

    The central government may seek higher dividends from state-owned banks in the next fiscal year on the back of their strong performance. Public sector banks have seen marked reduction in bad loans and rising advances, with profits reported by state-owned banks crossing ₹98,000 crore in the first three quarters of 2023-24. The Centre expects to reach the non-tax receipt target for 2024-25 even if the RBI dividend is not as high as last year.

  • Punjab & Sind Bank Stock Up 2.29% on NSE - 06 Feb, 2024

    Punjab & Sind Bank stock is up 2.29% on the NSE, trading at Rs 71.5. The stock has gained around 65.7% in the last month and 160.95% in the last year. The bank's PE ratio stands at 51.86 based on TTM earnings ending December 23.

  • Punjab & Sind Bank Stock Spikes Amid Earnings Report - 02 Feb, 2024

    Punjab & Sind Bank's Q3 2024 earnings report showed a decrease in profit margin and net income, but its shares are up 17% from a week ago. The bank's stock spiked 19.39% to Rs 64.6 and rose 14.56% to Rs 62.15 on the NSE, up for a third straight session.

  • Punjab & Sind Bank Reports Decline in Net Profit for Q3 FY24 - 01 Feb, 2024

    Punjab & Sind Bank records a significant decline in net profit for Q3 FY24, along with an increase in provisions and contingencies and a fall in net interest income. However, the bank sees improvement in asset quality. The stock rises up to 3% post-budget.

  • Punjab & Sind Bank Reports Decline in Q3 Net Profit - 31 Jan, 2024

    State-owned Punjab & Sind Bank has reported a 69% YoY decline in its Q3 net profit to Rs 114 crore.

Punjab & Sind Bank share Performance

  • ₹61.2
    ₹65.5
    ₹64.35
    downward going graph

    4.90%

    Downside

    Day's Volatility:6.68%

    Upside

    1.79%

    downward going graph
  • ₹23.1
    ₹77.5
    ₹64.35
    downward going graph

    64.10%

    Downside

    52 Weeks Volatility:84.54%

    Upside

    20.44%

    downward going graph
1 Month Return25.23 %
3 Month Return52.38 %
1 Year Return133.83 %
Previous Close₹62.55
Open₹63.40
Volume38.51L
Market Cap₹42,395.05Cr

Punjab & Sind Bank Company Information

Punjab and Sind Bank is a leading public sector bank in Northern India with presence in 920 branches/extension counters across the country as of July 31, 2010. The bank provides services like retail banking, corporate banking, priority sector banking, treasury operations and other banking services. Retail banking services include loans/advances for housing, trade, automobiles, consumer durables, education and personal loans. In corporate banking, the bank provides term loans, short-term loans, cash and export credit, bill discounting facilities, credit substitutes and more. The bank also distributes third-party products like life and non-life insurance policies and mutual funds. In the year 2004, Punjab and Sind Bank had launched the Punjab and Sind Bank- ICICI Bank credit card. As on 31 March 2021, the bank had 1526 branches and total business of the bank was Rs. 163919.35 crore with total deposits of Rs. 96108.180 crore. By March 2022, the bank had 1531 branches and total business had increased to Rs. 172524.10 crore with total deposits of Rs. 102137.10 crore. Punjab and Sind Bank is committed to help underprivileged sections of the society and is constantly working for their economic betterment.

Share Price: ₹64.35 per share as on 29 Feb, 2024 04:01 PM
Market Capitalisation: ₹42,395.05Cr as of today
Listing date: 30 Dec, 2010
OrganisationPunjab & Sind Bank
Headquarters
IndustryBanks
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Fundamentals of Punjab & Sind Bank

Insights on Punjab & Sind Bank

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 3 Years

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    In the last 3 years, PSB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 1.05% to 1.09% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, PSB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Price Rise

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    In the last 1 month, PSB stock has moved up by 25.2%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 98.25% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 0.04% to 0.03% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

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    Foreign Institutions have decreased holdings from 0.03% to 0.01% in Dec 2023 quarter

Punjab & Sind Bank Mutual Fund Holdings

Funds Holdings
HDFC S&P BSE 500 Index Fund Direct GrowthHDFC S&P BSE 500 Index Fund Direct Growth0%

Punjab & Sind Bank Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
98.25%
0.00
Foreign Institutions
0.01%
-68.22
Mutual Funds
0.03%
-36.89
Retail Investors
1.09%
4.03
Others
0.63%
-1.48

Technicals of Punjab & Sind Bank share

News & Events of Punjab & Sind Bank

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Punjab & Sind Bank (PSB) share price today is ₹64.35

Punjab & Sind Bank is listed on NSE

Punjab & Sind Bank is listed on BSE

  • Today’s highest price of Punjab & Sind Bank is ₹65.5.
  • Today’s lowest price of Punjab & Sind Bank is ₹61.2.

Today’s traded volume of Punjab & Sind Bank(PSB) is 38.51L.

Today’s market capitalisation of Punjab & Sind Bank(PSB) is ₹42395.05Cr.

Punjab & Sind Bank(PSBPrice
52 Week High
₹77.5
52 Week Low
₹23.1

Punjab & Sind Bank(PSB) share price is ₹64.35. It is down -16.97% from its 52 Week High price of ₹77.5

Punjab & Sind Bank(PSB) share price is ₹64.35. It is up 178.57% from its 52 Week Low price of ₹23.1

Punjab & Sind Bank(PSBReturns
1 Day Returns
1.8%
1 Month Returns
25.23%
3 Month Returns
52.38%
1 Year Returns
133.83%