PNB Gilts Shares Plunge Over 14% After It Swings To Loss In Q2

The company reported a net loss of Rs 48.7 crore year-on-year in the September quarter, owing to higher finance costs.

A man checking the stock chart on his smart phone and laptop. (Photo: Austin Distel/Source: Unsplash

Shares of PNB Gilts Ltd. tumbled over 14% after it reported a net loss in the July-September quarter of fiscal 2024.

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Shares of PNB Gilts fell as much as 14.13%, the lowest since Oct. 12, before rebounding to trade 12.8% lower at 11:02 a.m., compared to a 0.3% decline in the Nifty 50.

The stock has risen 33.9% on a year-to-date basis. Total traded volume so far in the day stood at 2.6 times its 30-day average. The relative strength index was at 54.7.

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WRITTEN BY
Rishabh Mishra
Doused in the drill, Rishabh is often found updating the market blog. Cover... more
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