Punjab & Sind Bank Experiences High Volatility Amidst Market Fluctuations

Jan 16 2025 09:30 AM IST
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Punjab & Sind Bank experienced notable stock performance on January 16, 2025, with significant intraday volatility and a strong opening gain. The stock is currently above several moving averages but below others, and its recent monthly performance shows a decline, slightly underperforming the broader market index.
Punjab & Sind Bank, a key player in the public banking sector, saw a significant increase of 5.79% on January 16, 2025, following a strong opening gain of 7.28%. The stock reached an intraday high of Rs 50.79, reflecting a rise of 9.72% during the trading session.

The stock exhibited notable volatility, with an intraday volatility rate of 45.32%, indicating substantial price fluctuations throughout the day. Currently, Punjab & Sind Bank's stock is positioned above the 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

In terms of market performance, Punjab & Sind Bank outperformed the Sensex, which recorded a modest gain of 0.55% on the same day. However, over the past month, the bank's stock has experienced a decline of 5.99%, slightly underperforming the Sensex, which fell by 5.63%.
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