PSB shares – Punjab & Sind Bank shares crack 20% to hit 52-week low today; details here
Shares of Punjab & Sind Bank (PSB) plummeted 20 per cent in Monday’s trade to touch a one-year low of Rs 34.81. At this price, the PSU lender’s stock has slumped 36.50 per cent in the last six months.
Along with the price action, it recorded heavy trading volume as around 16.03 lakh shares changed hands on BSE. The figure was way more than the two-week average volume of 1.56 lakh shares. Turnover on the counter came at Rs 5.71 crore, commanding a market capitalisation (m-cap) of Rs 23,593.47 crore. In terms of market depth, there were 7.59 lakh buy orders against sell orders of 3.54 lakh shares.
PSB, in a recent exchange filing, said, “The Committee of Directors in its meeting dated March 27, 2025, had approved the issue and allotment…
