Why is Punjab Natl.Bank falling/rising?

As of 14-Jul, Punjab National Bank's stock price is currently at 110.85, reflecting an increase of 0.8, or 0.73%. The stock has been gaining momentum, having risen 1.05% over the last two days, and is performing in line with its sector. It is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 10% compared to the 5-day average. Despite a year-to-date return of 7.88%, the stock has faced a decline of 5.86% over the past year, which contrasts with its strong fundamentals, including a 118.20% CAGR growth in net profits and a consistent positive performance over the last nine quarters.
In the broader market context, Punjab National Bank's short-term performance shows a decline of 1.47% over the past week, which is slightly worse than the benchmark Sensex's decline of 1.42%. However, its long-term performance remains robust, with a significant 264.64% increase over the past three years, outperforming the Sensex's 53.99% increase in the same period. The stock's attractive valuation, supported by high institutional holdings of 20.38% and a low PEG ratio of 0.1, suggests that it is undervalued compared to its peers. This combination of strong fundamentals and investor confidence contributes to the stock's recent upward movement, despite some short-term volatility.