Punjab National Bank's Stock Sees -3.85% Decline, MarketsMOJO Gives 'Hold' Call

Punjab National Bank, one of the largest public banks in India, saw a decline of -3.85% in its stock price on October 25th, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock touched an intraday low of Rs 95.3, a decrease of -3.4%, and has fallen after two consecutive days of gains. Punjab National Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The entire public bank sector has also seen a decline of -2.09%, indicating a broader trend in the industry. In comparison, the Sensex, India's benchmark index, saw a decline of only -0.55% on the same day.

Over the past month, Punjab National Bank's stock has seen a decline of -9.67%, while the Sensex has seen a decline of -6.51%. This shows that the stock has underperformed the market in the short term.

Investors should take note of these trends and make informed decisions about their investments in Punjab National Bank. MarketsMOJO's 'Hold' call suggests a neutral stance on the stock, and it is important to consider all factors before making any investment decisions.