Punjab National Bank Faces Continued Decline Amid Broader Market Gains

Jan 22 2025 12:35 PM IST
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Punjab National Bank saw a decline on January 22, 2025, underperforming its sector and the broader market. The stock is trading above its 52-week low but has experienced a cumulative drop over the past two days. It is currently below all key moving averages and has declined over the past month.
Punjab National Bank, a key player in the public banking sector, experienced a decline of 3.69% on January 22, 2025. The stock is currently trading 4.6% above its 52-week low of Rs 92.35. Over the past two days, the shares have seen a cumulative decline of 4.21%.

On this trading day, Punjab National Bank underperformed relative to its sector, which fell by 1.32%, while the broader market, as represented by the Sensex, gained 0.19%. The stock reached an intraday low of Rs 96.8, reflecting a decrease of 3.49%.

In terms of moving averages, Punjab National Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has declined by 3.82%, compared to a smaller drop of 2.64% in the Sensex.
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