Why is Punjab Natl.Bank falling/rising?

As of 10-Jul, Punjab National Bank's stock price is currently at 109.70, reflecting a decrease of 1.3, or 1.17%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.49% during this period. Additionally, the stock's performance over the past week shows a slight decrease of 0.45%, while it has underperformed the sector by 0.56% today. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. The delivery volume has also dropped significantly, falling by 40.51% compared to the 5-day average, indicating a decline in investor participation. However, the company maintains strong long-term fundamentals, with a remarkable 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters, which could provide some support for the stock.
In the broader market context, Punjab National Bank's short-term performance has been weaker than the benchmark Sensex, which has seen a minimal decline of 0.06% over the past week. While the stock has generated a negative return of 7.97% over the past year, its profits have increased by 101.7%, suggesting that the stock may be undervalued relative to its earnings growth, as indicated by a PEG ratio of 0.1. The high institutional holdings at 20.38% reflect confidence from larger investors who have the resources to analyze the company's fundamentals. Despite the recent price decline, the bank's strong market position, with a market cap of Rs 1,27,572 crore and significant contributions to the sector, indicates potential for recovery in the long term.