Why is Pun. & Sind Bank falling/rising?

As of 01-Jul, Punjab & Sind Bank's stock price is currently at 33.18, reflecting an increase of 0.2 or 0.61%. The stock has been gaining momentum, with a consecutive gain over the last three days and a total return of 9.29% during this period. It is performing well relative to its sector, with delivery volume increasing by 45.9% against the five-day average, indicating rising investor participation. Despite this positive short-term performance, the stock has underperformed over the longer term, with a year-to-date decline of 30.61% and a one-year drop of 44.01%. The company has shown strong long-term fundamental strength, with a 24.78% CAGR growth in net profits and positive results over the last four consecutive quarters, which may be contributing to the recent upward movement.
In the broader market context, the stock's short-term return of 10.78% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. However, the stock's long-term performance remains concerning, as it has underperformed the market over the last year, generating a return of -44.01% compared to the Sensex's 5.31%. While institutional investors have increased their stake, indicating confidence in the company's fundamentals, the stock's valuation remains a concern with a ROA of 0.6 and a price-to-book value of 1.8, suggesting it may be considered expensive relative to its peers.