Current Price and Market Context
As of 24 Feb 2026, Punjab & Sind Bank’s stock closed at ₹26.57, down 2.71% from the previous close of ₹27.31. The day’s trading range was between ₹26.32 and ₹28.20, reflecting heightened volatility. The stock remains near its 52-week low of ₹25.29, significantly below its 52-week high of ₹50.49, underscoring the persistent downward pressure over the past year.
Technical Trend Overview
The technical trend for Punjab & Sind Bank has deteriorated from mildly bearish to outright bearish. This shift is corroborated by several indicators across different timeframes. On the daily chart, moving averages are firmly bearish, signalling sustained selling pressure. The weekly and monthly charts present a more nuanced view, with some oscillators showing conflicting signals.
MACD Analysis
The Moving Average Convergence Divergence (MACD) indicator reveals a divergence in momentum across timeframes. On the weekly scale, MACD remains mildly bullish, suggesting some short-term buying interest or consolidation. However, the monthly MACD is bearish, indicating that the longer-term momentum remains negative. This divergence suggests that while short-term traders might find some opportunities, the broader trend remains unfavourable.
RSI Signals
The Relative Strength Index (RSI) adds further complexity. On a weekly basis, the RSI does not currently provide a clear signal, hovering in a neutral zone without indicating overbought or oversold conditions. Conversely, the monthly RSI is bullish, implying that the stock may be approaching an oversold condition on a longer-term basis, potentially signalling a future rebound if other factors align.
Bollinger Bands and Volatility
Bollinger Bands on both weekly and monthly charts are bearish, reflecting increased volatility and downward price pressure. The stock price is trading near the lower band, which often indicates oversold conditions but also confirms the prevailing bearish momentum. This suggests that while the stock may be undervalued in the short term, caution is warranted given the sustained selling pressure.
Other Technical Indicators
The Know Sure Thing (KST) indicator is bearish on both weekly and monthly timeframes, reinforcing the negative momentum. Dow Theory assessments show a mildly bearish stance weekly but mildly bullish monthly, again highlighting the mixed signals across different horizons. On-Balance Volume (OBV) is neutral weekly but mildly bullish monthly, indicating that volume trends may be supporting a longer-term accumulation phase despite short-term weakness.
Price Momentum and Moving Averages
Daily moving averages are decisively bearish, with the stock trading below key averages such as the 50-day and 200-day moving averages. This confirms that the immediate price momentum is negative, and the stock is under pressure from sellers. The gap between the current price and the 52-week high of ₹50.49 is substantial, reflecting a significant correction over the past year.
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Comparative Returns and Market Performance
Punjab & Sind Bank’s returns have lagged behind the broader Sensex across most timeframes. Over the past week, the stock declined by 1.96% while the Sensex gained a marginal 0.02%. Over one month, the stock fell 1.19% compared to the Sensex’s 2.15% rise. Year-to-date, the bank’s stock is down 4.18%, underperforming the Sensex’s 2.26% loss.
More starkly, the one-year return for Punjab & Sind Bank is a negative 39.24%, while the Sensex has appreciated by 10.60%. Even over three and five years, the bank’s returns of -0.67% and +59.58% respectively trail the Sensex’s 39.74% and 67.42%. The ten-year return is deeply negative at -18.99%, contrasting sharply with the Sensex’s robust 255.80% gain. These figures highlight the bank’s persistent underperformance relative to the benchmark index.
Mojo Score and Analyst Ratings
MarketsMOJO assigns Punjab & Sind Bank a Mojo Score of 43.0, categorising it as a Sell. This represents a downgrade from the previous Hold rating issued on 11 Nov 2025. The Market Cap Grade stands at 3, reflecting the bank’s mid-tier market capitalisation within the public sector banking universe. The downgrade aligns with the deteriorating technical indicators and weak price momentum observed recently.
Investment Implications and Outlook
Investors should approach Punjab & Sind Bank with caution given the prevailing bearish technical signals and underwhelming relative performance. The mixed signals from MACD and RSI across different timeframes suggest that while short-term rallies may occur, the longer-term trend remains negative. The stock’s proximity to its 52-week low and bearish moving averages indicate that downside risks persist.
However, the mildly bullish monthly RSI and OBV hint at a potential base formation or accumulation phase in the longer term. This could offer a tactical entry point for risk-tolerant investors seeking value in the public sector banking space, provided they monitor technical developments closely.
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Sector and Industry Context
Punjab & Sind Bank operates within the public sector banking industry, a segment currently facing headwinds from rising credit costs, regulatory pressures, and competitive challenges from private banks and non-banking financial companies. The sector’s overall technical trend is mixed, with some banks showing recovery signs while others remain under pressure. Punjab & Sind Bank’s technical deterioration places it among the weaker performers in this space.
Conclusion
In summary, Punjab & Sind Bank’s technical parameters have shifted towards a more bearish stance, with key indicators such as moving averages, Bollinger Bands, and KST confirming downward momentum. While some oscillators like monthly RSI and OBV suggest potential longer-term support, the immediate outlook remains cautious. The stock’s significant underperformance relative to the Sensex and downgrade to a Sell rating by MarketsMOJO further reinforce the need for prudence.
Investors should weigh these technical signals alongside fundamental factors and broader market conditions before considering exposure to Punjab & Sind Bank. Monitoring for a sustained reversal in momentum and improved technical scores will be critical for identifying a more favourable entry point.
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