Punjab & Sind Bank Faces Increased Volatility Amid Significant Market Decline
Punjab & Sind Bank's stock faced significant market activity today, hitting its lower circuit limit and reaching a new 52-week low. The trading session saw high volatility, with substantial volume and turnover. The stock has been on a downward trend, underperforming its sector and trading below key moving averages.
Punjab & Sind Bank has experienced significant market activity today, hitting its lower circuit limit with a last traded price of Rs 34.86, reflecting a decline of Rs 8.72 or 20.01%. The stock reached an intraday low of Rs 31.86, marking a new 52-week low. Throughout the trading session, the stock exhibited high volatility, with an intraday volatility of 6.7% and a wide trading range of Rs 3.63.Total traded volume for the day was approximately 221.75 lakh shares, resulting in a turnover of Rs 78.92 crore. The stock has been on a downward trend, underperforming its sector by 3.97% and recording a consecutive fall over the last three days, with a total decline of 25.91% during this period. Additionally, Punjab & Sind Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
In terms of liquidity, the stock remains accessible for trading, with a delivery volume significantly higher than its 5-day average. Overall, Punjab & Sind Bank's performance today reflects a challenging environment, characterized by notable declines and increased volatility.
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