It is a stock picking market and PNB Gilts has caught the attention of value investors. PNB Gilts has a positive trend in the charts.
On a day when Sensex struggles to trade in the green despite favorable global market indices, PNB Gilts has set a new life record and is locked into the upper circuit with no sellers but only with buyers ready to grab hold of. of all the actions they can.
It is a stock picking market and PNB Gilts has caught the attention of value investors. PNB Gilts has a positive trend in the charts. There is no doubt that its financial trend is even more impressive with net profit growth of over 47 percent recorded in the December quarter as well as an impressive sales growth of over 38 percent recorded during the December quarter. same quarter.
Locked in the upper circuit at Rs 75.75 per share, the stock is trading at a PE multiple of just 2.41, even though the stock at current prices offers a tantalizing dividend yield of 10.23%.
The stock is up over 72% on an annual basis while it is up over 183% in one year. The RoE reflected by PNB Gilts is thus just over 54, thus reflecting its profitability.
PNB Gilt specializes in trading in government securities. An interesting fact is that it is the only listed primary trader in India while the public stake in the company is 25.93 percent. In 1996, the Reserve Bank of India (RBI) introduced the primary dealer system to strengthen the institutional infrastructure of the government securities market. PNB Gilts was one of six entities that were granted licenses. The company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid-up capital of Rs 50 crore.