Jan 31, 2013, 12.49 PM IST
State-run lender Punjab National Bank on Thursday said it would cut its base rate by 25 basis points to 10.25 percent from February 9.
Earlier this week, the Reserve Bank of India cut the repo rate by 25 basis points to help support an economy set to post its slowest annual growth rate in a decade.
On Wednesday, the State Bank of India cut its base rate by 5 basis points.
PNB stock price
On December 06, 2013, Punjab National Bank closed at Rs 597.00, up Rs 15.30, or 2.63 percent. The 52-week high of the share was Rs 922.10 and the 52-week low was Rs 402.20.
The company's trailing 12-month (TTM) EPS was at Rs 119.31 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 5. The latest book value of the company is Rs 924.45 per share. At current value, the price-to-book value of the company is 0.65.
Action in Punjab National Bank
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