Today’s PNB stock price on July 11, 2024: As of 16:00 today, November 7, PNB stock trading price $106.65, down -0.31% from the previous closing price. Sensex is trading at $79541.79, down -1.04%. The stock has hit highs $107.9 and lowest $Daytime 106.01.
Technically, the stock is trading above the 5, 10, and 20-day moving averages and below the 50,100, and 300-day moving averages. The stock will find support at the 5, 10, and 20-day SMAs and face resistance at the 50, 100, and 300-day SMAs
The stock’s SMA values are as follows:
Classic pivot level analysis shows that the key resistance levels for the stock on the daily time frame are $107.77, $108.76,& $109.63, while its key support is $105.91, $105.04,& $104.05.
As of 4 pm today, PNB’s trading volume on NSE and BSE increased by 111.29% compared to the previous trading day. Trading volume, like price, is an important indicator for studying trends. Positive price changes with increased volume can indicate continued price increases, while negative price changes with increased volume may indicate further price declines.
Overall, the stock is showing a trend reversal after a strong downtrend, according to Mint technical analysis.
From a fundamental analysis, the company’s ROE is 8.54% and ROA is 0.54%.
The stock’s 1-year median forecast upside is 2.20%, with a target price of $109:00.
As per September quarter filings, the company has 0.00% promoter stake, 8.54% MF stake and 8.42% FII stake.
FII shareholding increased to 8.42% in the September quarter from 8.32% in June.
PNB shares fell -0.31% today, trading at $106.65, while its peers were a mixed bag. While peers like Kotak Mahindra Bank, Indian Overseas Bank, CANARA BANK are down today, peer Bank Of Baroda is gaining. Overall, benchmark indices Nifty and Sensex fell -1.16% and -1.04% respectively.
