The announcement was made after market hours on Thursday, 16 February 2012.
Meanwhile, the BSE Sensex was up 255.75 points, or 1.41%, to 18,409.74.
On BSE, 3.52 lakh shares were traded in the counter as against an average daily volume of 55,421 shares in the past one quarter.
The stock hit a high of Rs 94.65 and a low of Rs 88.50 so far during the day. The stock had hit a record low of Rs 56.05 on 22 December 2011. The stock had hit a 52-week high of Rs 116 on 6 April 2011.
The stock had outperformed the market over the past one month until 16 February 2012, gaining 32.84% compared with the Sensex`s 12.14% rise. The scrip had also outperformed the market in past one quarter, rising 21.72% as against 8.21% rise in the Sensex.
The mid-cap state-run bank has an equity capital of Rs 223.06 crore. Face value per share is Rs 10.
Punjab & Sind Bank`s net profit fell 32.3% to Rs 91.63 crore on 29.7% increase in operating income to Rs 1754.44 crore in Q3 December 2011 over Q3 December 2010.
The government of India held 82.07% in Punjab & Sind Bank as on 31 December 2011.
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