Nifty hovers around 5900; PNB at 4-year low on poor Q1 NPA

12:27

Moneycontrol Bureau
Live Market Commentary
The market is completely listless in noon trade today with the Nifty hovering around the 5900 level. Public sector lender Punjab National Bank (PNB) disappointed the street with the non-performing asset rising further during April-June quarter, though the net profit increased higher-than-expected 2.3 percent year-on-year to Rs 1,275 crore.

Gross non-performing asset (NPA) jumped 57 bps quarter-on-quarter (up 1.5 percent Y-o-Y) to 4.84 percent while net NPA increased 63 bps Q-o-Q (up 1.3 percent Y-o-Y) to 2.98 percent during June quarter. Gross NPA of the state-owned lender surged 12 percent Q-o-Q to Rs 15,090 crore and net NPA soared 25 percent Q-o-Q to Rs 9,060 crore in first quarter of FY14. The stock slumps 6%. The stock touched a 4-year low of Rs 585.95, which fell more than 5 percent.

The BSE Sensex is down 20.97 points at 19783.79, and the Nifty is down 10.40 points at 5897.10. The broader markets declined 0.4-0.8 percent as declining shares outnumbered advancing ones by 1158 to 757 on the BSE.

Anda sedang membaca artikel tentang

Nifty hovers around 5900; PNB at 4-year low on poor Q1 NPA

Dengan url

https://rokokkanker.blogspot.com/2013/07/nifty-hovers-around-5900-pnb-at-4-year.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Nifty hovers around 5900; PNB at 4-year low on poor Q1 NPA

namun jangan lupa untuk meletakkan link

Nifty hovers around 5900; PNB at 4-year low on poor Q1 NPA

sebagai sumbernya