Punjab National Bank Sees Surge in Trading Activity and Investor Participation
Punjab National Bank (PNB) has seen significant trading activity today, with over 27 million shares exchanged. The stock has shown consistent gains over the past four days and is performing well against its sector. Increased investor participation and strong liquidity further highlight PNB's robust position in the banking industry.
Punjab National Bank (PNB) has emerged as one of the most active equities today, with a total traded volume of 27,180,894 shares and a total traded value of approximately Rs 30.99 crore. The stock opened at Rs 112.37 and reached an intraday high of Rs 115.71, reflecting a gain of 3.09% during the trading session. Currently, PNB's last traded price stands at Rs 115.18.In terms of performance, PNB has outperformed its sector by 0.44%, marking a notable achievement. The stock has shown consistent upward momentum, gaining for the last four consecutive days and delivering a total return of 4.89% over this period. Additionally, PNB is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend.
Investor participation has also increased, with a delivery volume of 86.85 lakh shares on July 15, which is up by 31.6% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 3.95 crore based on 2% of the 5-day average traded value. Overall, Punjab National Bank's performance today reflects a solid position within the public sector banking industry.
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