Why is Punjab Natl.Bank falling/rising?

As of 07-Jul, Punjab National Bank's stock price is rising, currently at 112.50, reflecting an increase of 1.65 or 1.49%. The stock has shown a positive performance today, outperforming its sector by 1.77% and has been on a consecutive gain for the last two days, with a total return of 2.09% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume by 75.11% against the 5-day average, the stock's strong long-term fundamentals, including a 118.20% CAGR growth in net profits and positive results over the last nine quarters, contribute to its upward movement. The stock is also trading at a discount compared to its peers, which enhances its attractiveness to investors.
In the broader market context, Punjab National Bank has outperformed the benchmark Sensex over the past week, with a return of 1.81% compared to the benchmark's decline of 0.20%. However, it has underperformed over the last year, generating a negative return of -8.35% while the broader market has seen a return of 1.74%. Despite this underperformance in the long term, high institutional holdings at 20.38% indicate confidence from larger investors, which may support the stock's recent gains. The company's significant market capitalization and healthy sales figures further bolster its position within the sector, contributing to the stock's current rise.