Hot Pursuit     04-Feb-16
PNB Gilts drops after weak Q3 outcome
PNB Gilts fell 2.27% at Rs 23.65 at 11:56 IST on BSE after net profit declined 74.6% to Rs 9.32 crore on 26.5% fall in total income to Rs 90.20 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 3 February 2016.

Meanwhile, the BSE Sensex was up 164.25 points, or 0.68%, to 24,387.57

On BSE, so far 80,103 shares were traded in the counter as against an average daily volume of 39,794 shares in the past one quarter.

The stock hit a low of Rs 22.50 in intraday trade so far, which is 52-week low for the counter. The stock hit a high of Rs 23.70 so far during the day. The stock had hit a 52-week high of Rs 36 on 4 February 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 11.52% compared with 7.41% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 7.28% as against Sensex's 8.90% fall.

The small-cap company has an equity capital of Rs 180.01 crore. Face value per share is Rs 10.

PNB Gilts, a subsidiary of Punjab National Bank, supports government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.

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