Why is Pun. & Sind Bank falling/rising?

As of 27-Oct, Punjab & Sind Bank's stock price is currently at 31.20, reflecting an increase of 0.45, or 1.46%. Despite this positive movement today, the stock has underperformed its sector by 0.72%. Over the past week, the stock has risen by 1.33%, and in the last month, it has shown a significant gain of 8.64%. However, it has experienced a substantial decline year-to-date of 34.76% and over the past year of 33.90%. The bank has demonstrated strong long-term fundamental strength, with a 25.77% compound annual growth rate in net profits and positive results for the last six consecutive quarters. Additionally, the bank's gross and net non-performing assets are at their lowest levels, contributing to a very attractive valuation compared to its peers.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex, which has gained 0.49% over the past week and 5.41% over the past month. However, the stock's year-to-date performance is significantly lagging behind the Sensex's 8.50% increase. The decline in investor participation, with a 56.19% drop in delivery volume compared to the five-day average, may indicate a lack of confidence among investors despite the bank's strong fundamentals. Overall, while the stock has shown positive movement recently, its long-term performance remains a concern, particularly in comparison to the broader market trends.