Tuesday, December 24, 2024
Tuesday, December 24, 2024
Home BuisnessMarket Insight PNB has given 14 allottees Rs. 3,000 crore bond issue

PNB has given 14 allottees Rs. 3,000 crore bond issue

by PratapDarpan
1 views
2

State-run lender Punjab National Bank (PNB) on Monday offered exchanges Rs. 3,000 crore bond issuance and allotment information was given. The Basel II compliant Tier-II bonds were allotted to 14 allottees at a coupon of 7.43% per annum.

The bonds are unsecured, subordinated, non-convertible, fully paid-up, redeemable and taxable, the company said in a filing.

PNB briefed on the development after mart hours. Shares of PSU Bank on NSE on Monday closed at Rs. 101.55, up from Friday’s closing price of Rs. 0.78 or 0.77% were higher.

The bank’s shares have returned 15% over the past one year, outperforming the Nifty’s 11% return over the same period. In 2024, till now, its return is 4%.

The stock is currently trading at its 50-day and 200-day simple moving averages (SMA) of Rs. 104 and Rs. Trading below 117. It also trades with high volatility with a 1-year beta, as reported by Trendlyne, standing at 1.7.

  • Stock trading

    Dow theory simplified

    By – Vishal Mehta, Independent Systematic Trader

  • Stock trading

    Technical Analysis For Everyone – Technical Analysis Course

    By – Abhijit Paul, Head of Technical Research, Fund Manager- ICICI Securities

  • Stock trading

    Ichimoku Trading Unlocked: Expert Analysis and Strategies

    By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert

  • Stock trading

    Market 104: Options Trading: Kickstart Your F&O Adventure

    By – Saketh R, Founder- QuickAlpha, Full Time Options Trader

  • Stock trading

    Stock Investing Made Easy: An Introductory Stock Market Investment Course

    By – elearnmarkets, Financial Education by StockEdge

  • Stock trading

    Advanced Strategies in Stock Market Expertise

    By – CA Raj K Aggarwal, Chartered Accountant

  • Stock trading

    Options Trading Course for Beginners

    By – Chetan Panchamiya, Options Trader

  • Stock trading

    Stock valuation made easy

    By – Raunak Gouty, Investment Commentary Writer, Equity Research Experience

  • Stock trading

    Mastery Options Selling: Advanced Strategies for Success

    By – CA Manish Singh, Chartered Accountant, Professional Equity and Derivatives Trader

  • Stock trading

    Hackin Ashi Trading Tricks: Master the Art of Trading

    By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert

  • Stock trading

    Market 103: Mastering Trends with RMI and Techno-Funda Insights

    By – Rohit Srivastava, Founder- Indianarts.com

  • Stock trading

    A2Z of Stock Market for Beginners: Stock Market Course for Beginners

    By – elearnmarkets, Financial Education by StockEdge

  • Stock trading

    Introduction to Technical Analysis and Candlestick Theory

    By – Dinesh Nagpal, Full Time Trader, Ichimoku and Trading Psychology Expert

  • Stock trading

    Options Trading Made Easy: Options Trading Course

    By – Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant

  • Stock trading

    Derivative analysis made simple

    By – Vivek Bajaj, Co-Founder- Stockj and LearnMarket

    It has been falling for more than six months.

    Momentum indicators RSI and MFI are in the moderate range at 41 and 37 respectively. A number above 70 is considered overbought while a number below 30 is considered oversold.

    PNB reported a 145% jump in its standalone net profit in the September quarter from Rs. 1,756 crore as against Rs. 4,303 crores was reached. PNB’s net interest income (NII) rose to ₹10,517 crore in Q2 FY25 from Rs. 9,923 crore, an increase of 5.99% YoY.

    ET special reading at the end of the year

    An Indian’s guide to moving abroad as the world looks for ‘better’ immigrants

    Year of HNIs: How India’s Rich Flooded in 2024

    (You can now subscribe to our ETMarkets WhatsApp channel)

    You may also like

    Leave a Comment

    Exit mobile version