Share market news: PNB shares gain over 1% as Sensex rises

Shares of Punjab National Bank traded 1.09 per cent up at Rs 41.9 at 10:11AM (IST) on Wednesday, even as BSE benchmark Sensex gained 135.88 points to 52411.45.

The stock had closed at Rs 41.45 in the previous session. The stock quoted a 52-week high price of Rs 46.4 and 52-week low of Rs 26.3, respectively. As per BSE data, total traded volume on the counter till 10:11AM (IST) stood at 3828177 shares with a turnover of Rs 16.03 crore.

At the prevailing price, the stock traded at 18.09 times its trailing 12-month EPS of Rs 2.33 per share and 0.37 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.78.

Shareholding Details
Promoters held 73.15 per cent stake in the company as of 15-May-2021, while FIIs owned 4.97 per cent and DIIs 0.83 per cent.