Punjab National Bank Sees Strong Trading Activity Amid Decreased Investor Participation

Punjab National Bank (PNB) has emerged as one of the most active equities today, with a total traded volume of 27,004,789 shares and a total traded value of approximately Rs 273.15 crores. The stock opened at Rs 99.05 and reached an intraday high of Rs 102.90, reflecting a gain of 4.03% during the trading session. As of the latest update, the last traded price stands at Rs 102.17, marking a 3.09% increase for the day.
In terms of performance, PNB has outperformed its sector by 0.93% and has shown a consistent upward trend, gaining 11.78% over the past seven days. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume on May 16 dropping by 35.62% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a liquidity level based on 2% of the 5-day average traded value allowing for a trade size of Rs 2.53 crores.

Overall, Punjab National Bank's performance today reflects strong activity and a positive trend, although investor participation has waned.