Punjab National Bank Shares Rally as Shares Are Split

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, December 18, 2014, 13:01 [IST]

Shares in Punjab National Bank (PNB) rallied as it went ex split today. The shares were up almost 4 per cent at Rs 225 on the National Stock Exchange.

PNB's equity shares with a face value of Rs. 10, is sub-divided into five equity shares with a face value of Rs. 2 each. Accordingly, the shares of the bank have been adjusted by a fifth of yesterday's close on the stock exchanges.

PNB shares touched a high of Rs 226 and a low of Rs 221 on the National Stock Exchange.

Meanwhile, the BSE Sensex has rallied 282 points and was a shade below the 27,000 points mark.

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