Punjab & Sind Bank Faces Significant Stock Volatility Amid Broader Market Gains

Apr 02 2025 09:30 AM IST
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Punjab & Sind Bank's stock has faced notable volatility, hitting a new 52-week low and experiencing a cumulative decline over three days. The stock is trading below all major moving averages, contrasting sharply with the broader market's positive performance, as reflected by the Sensex's gains.
Punjab & Sind Bank has experienced significant volatility today, with its stock price declining by 5.26% as of April 2, 2025. The bank's stock reached a new 52-week low of Rs. 32.49, marking a notable downturn in its performance. Over the past three days, the stock has consistently fallen, resulting in a cumulative decline of 27.11%.

Today's trading session saw the stock touch an intraday low of Rs. 32.49, reflecting a drop of 6.66% at its lowest point. The stock's volatility was pronounced, with an intraday volatility rate of 54.76%. In terms of moving averages, Punjab & Sind Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In contrast, the broader market, represented by the Sensex, is showing positive momentum, trading up by 0.35% after an initial gain of 121.77 points. While the Sensex is performing above its 50-day moving average, Punjab & Sind Bank's performance has lagged significantly, with a year-to-date decline of 31.03% compared to the Sensex's modest drop of 2.29%.
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