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Punjab National Bank Fundraise News Boosts Stock; Hits 52-Week High | Stock Market News
Updated: December 29, 2023 02:09 PM IST
Punjab National Bank (PNB) shares surged in morning trade after announcing a Rs 7,500 crore capital raise plan. The stock jumped to a new 52-week high of Rs 96.55 but later retreated amidst profit booking. Analysts foresee potential further gains, with targets of Rs 110 if the stock surpasses Rs 100 on closing basis.
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