Punjab National Bank (PNB), nationalized
public sector bank in India, climbed on Thursday after reporting
stronger-than-expected growth of 13.53% in net profit to Rs 13.06
billion for the quarter ended Dec. 31, 2012. Analysts on an average
had expected profit to come at Rs 11.02 billion.
Total income of the bank increased by 10.39% to Rs 115.19
billion for the quarter ended Dec. 31, 2012 as compared to Rs
104.35 billion in the same period last year. 
Shares ofthe bankare trading at Rs
891.70, up Rs 57.45, or 6.89% at the BSE on Thursday at 12:29 p.m.
This leads tosharp rise inmarket capitalisation by Rs 19.5 billion
to Rs 302.45 billion.The scrip has touched an intra-day high of Rs
896.90 and low of Rs 825.45. The total volume of shares traded at
the BSE is 543,108.In the earlier session, the shares declined
2.92%, or Rs 25.05, at Rs 834.25. Currently, the stock is trading
down 18.27% from its 52-week high of Rs 1,091 and above 35.31% over
the 52-week low of Rs 659.
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