Punjab National Bank Sees 37.1 Million Shares Traded, Ranking Among Top Volume Movers Today

Punjab National Bank (PNB), a prominent player in the public sector banking industry, has shown significant trading activity today. The stock recorded a total traded volume of 37,111,847 shares, with a total traded value of approximately Rs 44,786.58 lakhs. Opening at Rs 120.08, PNB reached a day high of Rs 121.5 before settling at a last traded price of Rs 121.2. This positions the stock just 1.53% away from its 52-week high of Rs 122.35.
Despite this activity, PNB has underperformed its sector by 0.4% today, reflecting a 1D return of -0.52%, which mirrors the broader market trend as the Sensex also recorded a similar decline. The stock has experienced consecutive falls over the past two days, with a total decline of 0.51% during this period.

On a positive note, PNB is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in terms of historical performance. However, investor participation appears to be waning, with delivery volume dropping by 21.25% compared to the 5-day average. Overall, Punjab National Bank remains a liquid stock, suitable for trades around Rs 6 crore, with a market capitalization of Rs 1,39,237.00 crore.