Punjab National Bank's Stock Price Declines by -3.64% on October 7th, 2024

Punjab National Bank (PNB), one of the largest public banks in India, has seen a decline in its stock price on October 7th, 2024. The stock closed at Rs 102.05, down by -3.64% from the previous day's closing price. This underperformance was also reflected in the sector, as public banks as a whole fell by -2.58%.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for PNB is 'Hold'. This is based on the stock's performance today, where it underperformed the sector by -1.48%. The stock also touched an intraday low of Rs 101.85, showing a decline of -3.73%.

In terms of moving averages, PNB is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

Comparing PNB's performance to the overall market, the stock has underperformed the Sensex by -3.11% in the past month and -3.11% in the past year. On October 7th, PNB's 1 day performance was -3.45%, while the Sensex's performance was -0.34%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers interested in the stock performance of Punjab National Bank. This is not a recommendation to buy or sell the stock, and no mention of future potential or investor interest has been made.