Why is Punjab Natl.Bank falling/rising?

As of 21-Jul, Punjab National Bank's stock price is currently at 112.55, reflecting a decrease of 0.8, or 0.71%. The stock has been underperforming recently, having fallen for the last three consecutive days, resulting in a total decline of 2.13% during this period. Despite this short-term downturn, the stock has shown positive performance over longer periods, with a 1-week return of 1.53% and a 1-month return of 9.17%. However, today's performance indicates a decline in investor participation, with delivery volume dropping by 34.95% compared to the 5-day average. The stock is trading above its moving averages, which suggests some underlying strength, yet the recent price movement reflects a negative trend.
In the broader market context, Punjab National Bank's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has underperformed its sector today by 0.25%, it has demonstrated strong long-term fundamentals, including a remarkable 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters. The company maintains a low gross NPA of 3.95% and a high return on assets, which contribute to its attractive valuation. Despite the recent price drop, the high institutional holdings at 20.59% indicate confidence from larger investors, suggesting that the stock may have potential for recovery in the longer term.