India's PNB Gilts extends gains on Q2 profit

PNB Gilts

24/10/2024 09:00

** Shares of PNB Gilts  PNBG.NS  surge as much as 14.7% to 129.7
rupees
    ** Non-banking financial co reported Sept-qtr profit of 1.15
bln rupees (~$14 mln) from loss 411.2 mln rupees a year ago 
    ** Interest income grew 12% y/y
    ** Stock was up ~1% ahead of results
    ** PNBG eyes busiest trading session since mid-Sept.,
volumes at 4.3x the 30-day avg 
    ** Stock last up 11.5%, extending YTD gains to around 33%

($1 = 84.0700 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))