Trending stocks: Punjab & Sind Bank shares down over 2%

NEW DELHI: Shares of Punjab & Sind Bank traded 2.51 per cent down in Monday's trade at 01:06PM (IST). Around 32339 shares changed hands on the counter. The stock opened at Rs 13.95 and touched an intraday high and low of Rs 14.2 and Rs 13.55, respectively, in the session so far.

The stock quoted a 52-week high of Rs 31.5 and a 52-week low of Rs 9.3.

The bank reported fraud of Rs 112.42 crore in two NPA accounts of Maha Associated Hotels and Edyar Zinc. The bank has reported the fraud to the Reserve Bank of India and is in the process of filing complaints with the Central Bureau of Investigation, according to regulatory filings.

Financials
Punjab & Sind Bank, incorporated in the year 1908, is a banking company (having a market cap of Rs 956.94 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 8874.57 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 4684.15 Crore (.00% of total assets).

Punjab & Sind Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 6029.72 Crore to Sales Value (70.45 % of Total Sales), Income From Investment which contributed Rs 2297.75 Crore to Sales Value (26.84 % of Total Sales) and Interest which contributed Rs 170.94 Crore to Sales Value (1.99 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 83.06 per cent stake in the company as of quarter ended 31st Mar 2020.

Valuation ratio
It quoted a price-to-earnings ratio of -0.96 and price to book value of 0.13.