PNB Housing Finance Faces Continued Decline Amid Broader Market Weakness

Jan 05 2024 03:36 PM IST
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PNB Housing Finance shares fell today, continuing a three-day downward trend with a total decline of 7.08%. The stock underperformed its sector and the broader market. Intraday trading saw a low of Rs 837, and it is currently below multiple moving averages, indicating a bearish trend.
PNB Housing Finance has experienced a notable decline today, with shares dropping by 3.42% on February 11, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, resulting in a total decline of 7.08% over this period.

In terms of market positioning, PNB Housing Finance underperformed its sector, which saw a decrease of 2.53%. The stock's performance today was also below the broader market, with the Sensex declining by only 0.34%.

Intraday trading saw PNB Housing Finance reach a low of Rs 837, reflecting a decrease of 3.51% at its lowest point. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its recent performance. Over the past month, PNB Housing Finance has recorded a decline of 1.98%, compared to a slight drop of 0.43% in the Sensex.
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