Why is Punjab Natl.Bank falling/rising?

As of 11-Jul, Punjab National Bank's stock price is currently at 110.05, reflecting an increase of 0.35 or 0.32%. Today's price summary indicates that the stock has outperformed its sector by 0.53% and has experienced a trend reversal, gaining after three consecutive days of decline. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 58.25% compared to the 5-day average. In terms of returns, the stock has shown a year-to-date increase of 7.10%, outperforming the Sensex, which has risen by 5.58%. Despite a one-year decline of 7.87%, the company has demonstrated strong long-term fundamentals, with a remarkable 118.20% compound annual growth rate in net profits and consistent positive results over the last nine quarters.
In the broader market context, while Punjab National Bank's short-term performance has been slightly better than the benchmark, it has faced challenges in the recent past, as indicated by its negative returns over the last year. The stock's strong institutional holdings at 20.38% suggest confidence from larger investors, which may contribute to its stability. Additionally, the company's attractive valuation, with a price-to-book ratio of 1 and a PEG ratio of 0.1, indicates that it is trading at a discount compared to its peers. Overall, the combination of a recent price increase, strong fundamentals, and institutional support may help the stock maintain its upward momentum despite recent volatility.