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PNB shares tank over 7%; mcap drops Rs 10,781 cr in 4 days


Mumbai: Shares of Punjab National Bank(PNB) tumbled over 7 per cent today, extending the fall for a fourth straight session following the Rs 11,400-crore fraud at one its Mumbai branches.

The stock opened lower and slumped further 7.16 per cent to its 52-week low of Rs 116.65 on BSE. At NSE, shares of the company dived 6.77 per cent to hit a one-year low of Rs 117.05.

In four trading sessions, the stock has lost nearly 28 per cent and suffered an erosion of Rs 10,781.12 crore from its market capitalisation. Meanwhile, shares of PNB Housing slipped 1.36 per cent to Rs 1,184.35 on BSE.

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