Meanwhile, the S&P BSE Sensex was down 538.57 points or 1.5% at 35,368.09.

On the BSE, 1.61 lakh shares were traded on the counter so far as against the average daily volumes of 48,000 shares in the past two weeks. The stock had hit a high of Rs 42 and a low of Rs 38.85 so far during the day.

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

Total income dropped 58.95% to Rs 68.26 crore in Q3 December 2017 over in Q3 December 2016. The result was announced after market hours yesterday, 1 February 2018.

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.