Punjab National Bank Faces Declining Investor Participation Amid Active Trading Session

Punjab National Bank (PNB) has emerged as one of the most actively traded stocks today, with a total traded volume of 12,691,630 shares and a total traded value of approximately Rs 124.16 crores. The stock opened at Rs 99.97 and reached a day high of Rs 100.22, but also experienced a significant intraday low of Rs 96.36, reflecting a decline of 3.06% during the trading session. Currently, the last traded price stands at Rs 96.60.
In terms of performance, PNB has underperformed its sector by 0.47%, marking a consecutive decline over the past four days, with a total drop of 5.76% in returns during this period. The stock's weighted average price indicates that more volume was traded closer to its low price, suggesting a shift in trading dynamics. Additionally, the delivery volume on May 5 was recorded at 46.58 lakhs, which represents a notable decrease of 43.43% compared to the five-day average delivery volume.

Despite being above the 50-day moving averages, PNB's stock is currently below the 5-day, 20-day, 100-day, and 200-day moving averages. The liquidity of the stock remains adequate, with a trade size of Rs 0.81 crores based on 2% of the five-day average traded value. Overall, Punjab National Bank's performance today reflects a challenging trading environment amid declining investor participation.