Businesss Business:Today 09 October at 12:00 PNB�PNBThe share price is trading at ₹104, up 1.51% from the previous close. Sensex is trading at ₹81935.37 with a gain of 0.37%. The stock touched a high of ₹105.35 and a low of ₹102.65 during the day. On the technical front, the stock is trading below short term simple moving averages of 5, 10, 20 days as well as long term moving averages of 50, 100 and 300 days. The SMA values for the stock are given below:
day simple moving average
5 105.03
10 106.60
20 107.92
50 113.28
100 118.66
300 117.79
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹103.5, ₹104.48, and ₹105.65, while it has key support levels at ₹101.35, ₹100.18, and ₹99.2.
As of 12 am today, the trading volume for PNB on NSE and BSE was 100.02% higher than the previous trading session. Along with price, traded volume is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.
Overall, according to Mint technical analysis, the stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company's ROE is 8.54%. The stock's current P/E stands at 9.62 and P/B at 0.97.
The average 1-year predicted upside for this stock is 2.88% with a target price of ₹107.00.
The company has 70.08% promoter holding, 8.54% MF holding and 8.42% FII holding, as per September quarter filing. FII holding has increased from 8.32% in June to 8.42% in the September quarter.
PNB share price is trading 1.51% higher at ₹104 today, while its rivals are mixed. Its rivals like Bank of Baroda are falling today, but its rivals Axis Bank, IndusInd Bank, Indian Overseas Bank are rising. Overall, benchmark indices Nifty and Sensex are up 0.61% and 0.37% respectively.
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