Why is Punjab Natl.Bank falling/rising?

As of 24-Jul, Punjab National Bank's stock price is currently at 110.65, reflecting an increase of 0.75 or 0.68%. The stock has been gaining for the last two days, with a total return of 1.24% during this period. However, it has underperformed its sector by 1.35% today. The stock's performance over the past week shows a decline of 2.73%, while it has increased by 5.23% over the past month. Despite a year-over-year decline of 5.06%, the company has demonstrated strong long-term fundamentals, with a remarkable 118.20% CAGR growth in net profits and positive results for the last nine consecutive quarters. The stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, indicating a relatively stable market environment. While Punjab National Bank has outperformed the benchmark over the past month and year-to-date, its recent short-term performance has been less favorable compared to the benchmark. The stock's liquidity remains adequate, but a significant drop in delivery volume suggests a decrease in investor participation, which could impact future price movements. Overall, while the company's strong fundamentals support its long-term growth potential, the recent underperformance in the short term may be a concern for some investors.