Punjab National Bank Shows High Trading Volume Amid Mixed Market Performance

Punjab National Bank (PNB), a prominent player in the public sector banking industry, has emerged as one of the most active equities today, with a total traded volume of 38,340,707 shares and a total traded value of approximately Rs 43,823.43 lakhs. The stock opened at Rs 112.37, reaching a day high of Rs 115.71 before settling at a last traded price of Rs 114.55.
Despite this activity, PNB's performance today has underperformed the sector by 0.45%, marking a reversal after four consecutive days of gains. The stock's one-day return stands at -0.70%, while the sector and Sensex both recorded a slight decline of 0.09%.

On a positive note, PNB is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally favorable trend in the longer term. Additionally, the delivery volume of 1.76 crore shares on July 16 has surged by 157.71% compared to the 5-day average, reflecting rising investor participation. With a market capitalization of Rs 1,31,214.93 crore, PNB remains a liquid stock, suitable for trades of Rs 5.16 crore based on 2% of the 5-day average traded value. Overall, PNB's activity today highlights a mix of volatility and sustained interest in the stock.