Punjab & Sind Bank Sees Surge in Trading Volume Amid Market Activity Shift

Punjab & Sind Bank has emerged as one of the most active equities today, with a total traded volume of 31,535,980 shares and a total traded value of approximately Rs 101.17 crores. The stock opened at Rs 34.71 and reached a day high of Rs 35.49, while the day low was recorded at Rs 30.27. Currently, the last traded price stands at Rs 30.67, which is close to its 52-week low, just 2.73% away.
Despite trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, Punjab & Sind Bank has shown a notable performance today, outperforming its sector by 1.8%. This marks a trend reversal for the stock, which has gained after three consecutive days of decline. Additionally, investor participation has surged, with a delivery volume of 1.75 crore shares on April 2, reflecting a significant increase of 434.33% compared to the 5-day average delivery volume.

With a market capitalization of Rs 21,911.17 crores, Punjab & Sind Bank continues to demonstrate liquidity, suitable for trade sizes around Rs 0.87 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today highlights a shift in momentum amidst ongoing market activity.