Punjab National Bank Faces Declining Investor Interest Amidst Sector Challenges

Punjab National Bank (PNB) has emerged as one of the most active equities today, with a total traded volume of 9,474,312 shares and a total traded value of approximately Rs 827.20 crore. The stock opened at Rs 88.54, reaching a day high of Rs 88.99 before settling at a last traded price of Rs 86.55. This marks a decline of 1.80% for the day, underperforming its sector, which saw a decrease of 0.81%.
Currently, PNB is trading close to its 52-week low, just 1.32% above Rs 85.46. The stock has faced consecutive declines over the past three days, resulting in a total drop of 5.01%. Additionally, PNB is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation has also waned, with delivery volume on March 11 falling by nearly 60% compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades of up to Rs 3.85 crore, based on 2% of the 5-day average traded value. Overall, Punjab National Bank's performance today reflects ongoing struggles within the public banking sector.