Why is Punjab Natl.Bank falling/rising?

As of 16-Jul, Punjab National Bank's stock price is rising, currently at Rs 115.00, reflecting an increase of Rs 2.8 or 2.5%. The stock has shown strong performance recently, outperforming its sector by 0.68% today and achieving a consecutive gain over the last four days, with a total return of 4.83% during this period. Additionally, the stock has touched an intraday high of Rs 115.75, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated robust long-term fundamental strength, with a remarkable 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters, including the lowest gross NPA at 3.95% and the highest PAT at Rs 4,567.00 crore.
In the broader market context, Punjab National Bank's short-term return of 3.60% over the past week contrasts sharply with the Sensex, which has declined by 1.08% during the same period. This indicates that the stock is gaining traction even as the overall market faces challenges. The high institutional holdings at 20.38% suggest confidence from larger investors, which may further bolster the stock's performance. Despite a slight decline of 4.01% over the past year, the company's profits have surged by 101.7%, contributing to a favorable PEG ratio of 0.1, indicating that the stock is undervalued compared to its earnings growth potential.