Why is Pun. & Sind Bank falling/rising?

As of 04-Aug, Punjab & Sind Bank's stock price is currently at 29.05, reflecting an increase of 0.41 (1.43%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Despite a strong long-term fundamental strength with a 24.77% CAGR growth in net profits and positive results for the last five consecutive quarters, the stock has underperformed significantly over the past year, with a return of -56.30%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 42.47% against the 5-day average, and institutional investors reducing their stake by 0.73%.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -56.30% against the BSE500's -2.34%. This stark contrast highlights the challenges faced by Punjab & Sind Bank, particularly in attracting institutional investors who have better resources to analyze the company's fundamentals. While the stock has shown some positive movement today, the overall trend and declining investor participation suggest ongoing concerns about its valuation and market position.