Why is Punjab Natl.Bank falling/rising?

As of 18-Jul, Punjab National Bank's stock price is currently at 113.35, reflecting a decrease of 0.4, or 0.35%. The stock has been experiencing a consecutive fall over the last two days, resulting in a total decline of 1.43%. Despite this recent downturn, the stock has outperformed its sector today by 0.32% and has shown strong performance over the past week and month, with returns of 3.00% and 7.54%, respectively. The company has demonstrated robust long-term growth, with a compound annual growth rate (CAGR) of 118.20% in net profits and positive results for the last nine consecutive quarters, which supports its valuation and investor confidence.
In the broader market context, while Punjab National Bank's stock has faced a slight decline recently, it has significantly outperformed the Sensex, which has seen a decrease of 0.90% over the past week. The stock's strong fundamentals, including a low gross non-performing asset (NPA) ratio of 3.95% and high institutional holdings at 20.59%, indicate a solid backing from knowledgeable investors. Furthermore, the stock is trading above its moving averages, suggesting a positive long-term trend despite the recent price drop. Overall, while the stock is currently falling, its strong fundamentals and recent performance metrics indicate potential for recovery and growth in the future.