Punjab National Bank Shows Strong Market Activity Amid Broader Market Decline

Punjab National Bank (PNB) has emerged as one of the most active equities today, with a total traded volume of 17,624,354 shares and a total traded value of approximately Rs 199.98 crores. The stock opened at Rs 112.5 and reached a day high of Rs 114.3, reflecting a 2.18% increase during the trading session. Currently, PNB is trading at Rs 113.8, which positions it just 1.59% away from its 52-week high of Rs 115.71.
In terms of performance, PNB has outperformed its sector by 0.6%, while the broader market, represented by the Sensex, saw a decline of 0.50%. The stock has shown strong momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

Investor participation has also seen a notable rise, with a delivery volume of 62.35 lakh shares on September 18, marking a 4.73% increase compared to the 5-day average delivery volume. Additionally, PNB's liquidity remains healthy, accommodating trade sizes of up to Rs 3.45 crores based on 2% of the 5-day average traded value. Overall, Punjab National Bank's performance today highlights its strong market position within the public sector banking industry.