Punjab National Bank Sees 26.5 Million Shares Traded, Among Most Active Today
Punjab National Bank has experienced notable trading activity, with over 26.5 million shares exchanged and a total traded value exceeding Rs 31,600 lakhs. The stock is performing well above its key moving averages, although investor participation has decreased significantly. The bank has also reached a new 52-week high.
Punjab National Bank (PNB), a prominent player in the public sector banking industry, has shown significant trading activity today. The stock has recorded a total traded volume of 26,507,513 shares, with a total traded value of approximately Rs 31,623.46 lakhs. The stock opened at Rs 118.2 and reached a day high of Rs 120.2, marking a notable increase of 2.15% during the trading session. The last traded price stands at Rs 119.06.In terms of performance, PNB is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 66.58% compared to the 5-day average, which recorded 28.39 lakhs on October 21. Despite this, the stock remains liquid enough for trades sized at Rs 4.43 crore, based on 2% of the 5-day average traded value.
Overall, Punjab National Bank's performance today reflects a robust position within the market, highlighted by its achievement of a new 52-week high and consistent trading metrics.
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