RBL Bank has seen a breakout of downward sloping resistance trendline adjoining highs of July 27 and August 30, with above average volumes for yet another session, indicating the possibility of further uptrend.
Gujarat Ambuja Exports formed bullish candlestick pattern with long upper shadow on the daily charts. The trading volume was robust, while there was a decisive breakout of long falling resistance trendline, with stock trading above all key moving averages.
Punjab National Bank gained for a third straight session today. The stock is quoting at Rs 68.3, up 2.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 19947.45. The Sensex is at 66971.86, up 0.56%. Punjab National Bank has added around 9.54% in last one month. Meanwhile, index of which Punjab National Bank is a constituent, has added around 2.99% in last one month and is currently quoting at 45156.4, up 0.56% on the day. The volume in the stock stood at 551.26 lakh shares today, compared to the daily average of 491.22 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 68.35, up 1.94% on the day. Punjab National Bank is up 70.32% in last one year as compared to a 11.21% gain in NIFTY and a 11.91% gain in the index.The PE of the stock is 21.29 based on TTM earnings ending June 23.
Punjab National Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01 September 2023 as under:Overnight 8.15%One month 8.25%Three month 8.35%Six month 8.55%One year 8.65%Three year 8.95%