PNB Housing Finance Sees Surge in Trading Activity Amidst Performance Challenges

PNB Housing Finance Ltd, a prominent player in the housing finance sector, has emerged as one of the most active equities today, with a total traded volume of 32,931,969 shares and a total traded value of approximately Rs 271.72 lakhs. The stock opened at Rs 883.1, reaching a day high of Rs 883.1, while the day low was recorded at Rs 803.15. As of the latest update, the last traded price (LTP) stands at Rs 811.15.
Despite the significant trading activity, PNB Housing Finance has underperformed its sector, showing a decline of 1.66% for the day, while the housing finance sector itself saw a modest gain of 0.60%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging performance trend.

Interestingly, there has been a notable increase in investor participation, with delivery volume on August 1 reaching 1.5 crore, a staggering rise of 1966.79% compared to the 5-day average delivery volume. The stock remains liquid enough for trades of Rs 23.35 crore, based on 2% of the 5-day average traded value. Overall, PNB Housing Finance continues to navigate a complex market landscape, reflecting both active trading and performance challenges.