Punjab National Bank Hits Intraday Low Amid Price Pressure

6 hours ago

Share Via

Punjab National Bank experienced a notable intraday decline, touching a low of Rs 118.15 as price pressures weighed on the stock. The public sector bank underperformed its sector and the broader market, reflecting cautious sentiment among investors during a broadly negative trading session.

Intraday Performance and Market Context

On 8 December 2025, Punjab National Bank's shares recorded a day’s low at Rs 118.15, representing a decline of 2.92% from previous levels. The stock’s overall day change stood at -3.04%, underperforming the public sector banking sector by 1.05%. This underperformance was more pronounced when compared to the Sensex, which declined by 0.39% during the same period.

The broader market opened flat but soon moved into negative territory, with the Sensex falling by 245.52 points to close at 85,379.32. Despite this, the Sensex remains close to its 52-week high, just 0.91% shy of the peak level of 86,159.02. The index continues to trade above its 50-day moving average, which itself is positioned above the 200-day moving average, signalling a generally bullish trend for the market overall.

Technical Indicators and Moving Averages

Punjab National Bank’s share price currently trades above its 100-day and 200-day moving averages, indicating some underlying support at longer-term levels. However, the stock remains below its 5-day, 20-day, and 50-day moving averages, suggesting short- to medium-term selling pressure. This divergence between short-term and long-term technical indicators highlights the immediate challenges faced by the stock amid prevailing market conditions.

The intraday low and the relative position of the moving averages suggest that while the stock has some foundational support, recent trading activity has been dominated by cautious sentiment and profit-taking.

Comparative Performance Over Various Timeframes

Punjab National Bank’s recent trading performance shows a pattern of relative weakness compared to the Sensex. Over the past week, the stock’s value shifted by -5.83%, while the Sensex moved by -0.33%. The one-month period also reflects a negative trend for the bank, with a change of -3.67%, contrasting with the Sensex’s positive movement of 2.57%.

However, over longer durations, Punjab National Bank’s performance has been more robust. The three-month period shows a gain of 13.20%, outpacing the Sensex’s 5.66%. Year-to-date, the bank’s shares have moved by 14.79%, compared to the Sensex’s 9.24%. Over three and five years, the stock has recorded gains of 104.42% and 189.80% respectively, significantly exceeding the Sensex’s corresponding returns of 36.42% and 87.15%.

Despite these longer-term gains, the stock’s 10-year performance remains negative at -10.75%, while the Sensex has appreciated by 237.25% over the same period. This contrast highlights the cyclical nature of the banking sector and the specific challenges faced by Punjab National Bank over the past decade.

Market Sentiment and Immediate Pressures

The intraday decline in Punjab National Bank’s share price appears to be influenced by broader market sentiment, which has turned cautious amid profit-taking and sector-specific pressures. The public sector banking industry has faced headwinds in recent sessions, with investors weighing macroeconomic factors and sectoral developments.

The stock’s underperformance relative to the Sensex and its sector peers suggests that traders are responding to short-term concerns, reflected in the stock’s position below key moving averages. This has contributed to the price pressure observed during the trading day.

Sector and Market Overview

Punjab National Bank operates within the public sector banking industry, a segment that has experienced mixed performance in recent months. While the broader market indices maintain a generally bullish posture, individual stocks within the sector have faced varying degrees of volatility.

The Sensex’s proximity to its 52-week high and its position above key moving averages indicate sustained investor confidence in the market at large. However, the divergence in Punjab National Bank’s short-term technical indicators suggests that the stock is currently navigating a phase of consolidation and price correction.

Investors and market participants will likely continue to monitor the stock’s movement relative to its moving averages and sector trends to gauge the evolving market sentiment.

Summary of Key Metrics

To summarise, Punjab National Bank’s share price on 8 December 2025:

Touched an intraday low of Rs 118.15, down 2.92%

Recorded a day change of -3.04%

Underperformed the public sector banking sector by 1.05%

Lagged the Sensex’s decline of 0.39%

Trades above 100-day and 200-day moving averages but below 5-day, 20-day, and 50-day moving averages

These figures reflect the immediate price pressures and cautious market sentiment impacting the stock during the trading session.

Looking Ahead

While Punjab National Bank’s shares have demonstrated resilience over longer periods, the current intraday weakness highlights the importance of monitoring short-term market dynamics. The stock’s position relative to moving averages and sector performance will remain key indicators for traders and analysts assessing its near-term trajectory.

Market participants should consider these factors within the broader context of the public sector banking industry and overall market trends.

Limited Time Only! Upgrade now and get 1 Year of Stock of the week worth Rs. 14,999 for FREE. Don't miss out on this exclusive offer. Claim Your Free Year →

{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)

MOJO SCORE