Why is Punjab Natl.Bank falling/rising?

As of 17-Jul, Punjab National Bank's stock price is currently at 113.75, reflecting a decrease of 1.25, or 1.09%. Today's price summary indicates that the stock has underperformed its sector by 0.46% and has experienced a trend reversal after four consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past week, with a return of 3.69%, and a notable 7.41% increase over the past month. The company has demonstrated robust long-term fundamentals, with a remarkable 118.20% compound annual growth rate (CAGR) in net profits and positive results for the last nine consecutive quarters, including a gross non-performing asset (NPA) ratio at a low of 3.95%.
In the broader market context, while Punjab National Bank's stock has fallen today, it has significantly outperformed the benchmark Sensex over various periods, including a 10.71% year-to-date return compared to the Sensex's 5.27%. The stock's liquidity is also favorable, with a delivery volume that has risen by 157.71% against the five-day average, indicating increased investor participation. However, the recent price drop may reflect profit-taking after a strong rally, despite the company's solid fundamentals and high institutional holdings at 20.59%, which typically suggest confidence in the stock's long-term prospects.