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Punjab & Sind Bank is currently trading at Rs. 20.00, up by 1.10 points or 5.82% from its previous closing of Rs. 18.90 on the BSE.

The scrip opened at Rs. 19.15 and has touched a high and low of Rs. 20.20 and Rs. 19.05 respectively. So far 396240 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.25 on 21-Nov-2022 and a 52 week low of Rs. 12.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 20.30 and Rs. 17.75 respectively. The current market cap of the company is Rs. 13318.35 crore.

The promoters holding in the company stood at 98.25%, while Institutions and Non-Institutions held 0.67 % and 1.08% respectively.

Punjab & Sind Bank is eyeing to clock a net profit of around Rs 1,100 crore in the current financial year (FY23) on the back of resolution of bad loans. The bank has given a NPA recovery guidance of Rs 2,000 crore for the ongoing fiscal.

During the first half of the fiscal, the bank earned a profit of Rs 483 crore as against Rs 392 crore in the same period a year ago. The bank had gone through rough patches but it was able to make a historic turnaround and recorded an annual profit of Rs 1,039 crore in FY22 -- the highest in the 114-year history of the lender.

Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.