Why is Punjab Natl.Bank falling/rising?

As of 03-Jul, Punjab National Bank's stock price is currently at Rs 110.20, reflecting a decrease of Rs 3.65 or 3.21%. The stock has underperformed its sector by 2.36% today and has experienced a trend reversal after nine consecutive days of gains, hitting an intraday low of Rs 109.85. Despite a positive long-term outlook, with a strong CAGR growth in net profits and healthy financial metrics, the stock has generated a negative return of -9.41% over the past year, indicating a significant underperformance compared to the market. Additionally, there has been a decline in investor participation, with delivery volume falling by 6.99% against the five-day average, which may contribute to the downward pressure on the stock price.
In the broader market context, Punjab National Bank's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.62% over the past week while the bank's stock has risen by 3.72%. This suggests that while the stock has performed well in the short term relative to the market, its overall yearly performance remains weak. The stock's liquidity appears sufficient for trading, but the recent drop in delivery volume and the negative sentiment from its one-year performance may be influencing investor confidence negatively.