Punjab National Bank Shows Active Market Presence Amid Declining Investor Participation

Punjab National Bank (PNB) has emerged as one of the most active equities today, with a total traded volume of 25,298,623 shares and a total traded value of approximately Rs 27,962.57 lakhs. The stock opened at Rs 108.60 and reached an intraday high of Rs 112.10, reflecting a gain of 3.38% during the trading session. Currently, PNB's last traded price stands at Rs 111.69, which is 3.83% away from its 52-week high of Rs 115.71.
In terms of performance, PNB has outperformed its sector, achieving a 1D return of 2.99%, compared to the sector's return of 2.26% and the Sensex's return of 0.25%. The bank's stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is noteworthy that investor participation has declined, with delivery volume on September 16 falling by 32.23% against the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 2.44 crore, based on 2% of the 5-day average traded value. Overall, Punjab National Bank's performance today highlights its active market presence and resilience within the public sector banking industry.