PNB fell by 7% to Rs 10,975 cr in 4 days

February 19, 2018

It was observed that the shares of Punjab National Bank fell over 7 percent by widening its fall for the fourth straight session today. This was due to the fraud of Rs 11,400-crore that recently happened in one its Mumbai branches.

On Monday, it was reported that the stock dropped 7.36 percent to end at Rs 116.40 on BSE.

It fell by 9.59 percent to its 52-week low of Rs 113.60, during the day. Believing the reports, on NSE, shares of the company cracked 7.20 percent to close at Rs 116.50.

If we talk about the equity volume, then 98.95 lakh shares of the company were traded on BSE and over 13 crore shares changed hands on NSE during the day.

In four trading sessions, the stock has fallen 28 percent and suffered an erosion worth Rs 10,975.16 crore from its market capitalisation.

For now, shares of PNB Housing ended 0.45 percent higher at Rs 1,206.20 on BSE.

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