Why is Punjab Natl.Bank falling/rising?

As of 22-Jul, Punjab National Bank's stock price is currently at 109.30, reflecting a decrease of 3.25, or 2.89%. The stock has been underperforming, having lost 4.96% over the last four days, and it touched an intraday low of Rs 109.2. The stock's performance today is notably below its sector by 1.5%, and there has been a significant drop in investor participation, with delivery volume falling by 60.16% against the 5-day average. Despite a strong long-term fundamental strength indicated by a 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters, the stock has generated a return of -7.45% over the past year, which may contribute to the current downward pressure.
In the broader market context, Punjab National Bank's short-term performance has been weaker than the benchmark Sensex, which has only declined by 0.47% over the past week while the bank's stock fell by 2.58%. This underperformance may reflect broader market sentiments or sector-specific challenges. However, the bank's strong institutional holdings at 20.59% and its significant market capitalization suggest that it retains a solid position within the sector, which could provide some support against further declines. Overall, while the company shows strong fundamentals, the recent price movement indicates a struggle to attract investor confidence in the short term.