Why is Punjab Natl.Bank falling/rising?

As of 04-Jul, Punjab National Bank's stock price is currently at 110.85, reflecting an increase of 0.65 (0.59%). The stock has shown strong performance recently, outperforming its sector by 0.25% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 48.83% against the 5-day average. Despite a year-to-date return of 7.88% and a 3-year return of 269.50%, the stock has underperformed over the past year with a decline of 8.77%. However, the company has demonstrated strong long-term fundamentals, with a remarkable 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters, contributing to the stock's upward movement.
In the broader market context, while Punjab National Bank has outperformed its sector in the short term, the benchmark Sensex has experienced a slight decline of 0.74% over the past week, contrasting with the bank's 4.23% gain. This indicates that the stock is gaining traction even as the overall market struggles. The high institutional holdings at 20.38% suggest confidence from larger investors, which can further support the stock's price. However, it is important to note that despite its recent gains, the stock has still underperformed the market over the last year, which may pose a risk for potential investors.