The stock closed at Rs 78.40 after touching a high of 79.70 during the day.
The stock's closing price of Rs 102.35 on Tuesday was also its 52-week low.
We like the consumer segment be cause the deflationary environment is good for real disposable income for consumers.
In order to subscribe to an IPO, high net-worth individuals use a small fraction of their own capital (called margin money) upfront and the rest is raised through short term loans.
The brokerage said that Punjab National Bank's current valuation at 0.55 times March 2019 book is undemanding.
On Wednesday, the Bank Nifty index ended up 0.6 per cent at 23,352.60.
The move was seen as MSEI's attempt to shore up volumes.
Few stocks are garnering high interest in the futures segment. Here's a look at them.
“Once we study the MSEI circular, we will decide the future course of action,” said a BSE spokesperson.
Domestic institutional investors have been a key driver of the market.
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