PNB reports 4-fold rise in Q3 net profit at Rs 207 crore
Punjab National Bank reported over 4-fold rise in net profit at Rs 207.18 crore for the quarter ended December 31, 2016 against Rs 51.01 crore in the corresponding quarter last year.
For October-December period, the bank reported 9.43 per cent fall in net interest income at Rs 3730.80 crore against Rs 4119.63 crore in the same period last year.
Asset quality of the bank stood almost stable with percentage of gross non-performing assets stood at 13.70 per cent in Q3FY17 over 13.63 per cent in the sequential quarter ended September 30, 2016.
Technical Levels
Support at 143.50 and Resistance 153.50--154.00
Break and sustain above 154 will take it to 160--165 mark, further upside rally will see on close above 165.00 else could touch its support level of 143.50
Looks weak only below 143.50
More will update soon!!
