/ PNB Gilts Rises Above 4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 11 May 2017

The stock of PNB Gilts Limited on Thursday rose more than 4% in the pre-lunch session on the BSE. It is trading at Rs 59 up by 4.1% at 12:25 PM IST.

The stock also witnessed a spurt in the volume by more than 2.24 times. It also hit a high of Rs 59.90 and a low of Rs 56.80 so far during the day.

On the NSE, the stock is also up by 3.9% at Rs 59.25 per share. Its traded volume is 23,26,376 and the traded value is Rs 1358.84 lakhs. The free-float market capitalisation of the company is Rs 266.78 crore.

According to industry analysts, the investors are moving away from gold to various other investment avenues like equity shares, government securities and others, as the geopolitical tensions are cooling down. This has resulted in investment inflows in government securities. So, the stock of the company is experiencing upward rally in the market.

PNB Gilts Limited is engaged in the business of non-banking financial institution and government securities. The company's segments include T-Bills/CP/CD, corporate bonds & debentures, government securities, derivatives, fixed deposits. It is a subsidiary of Punjab National Bank.

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