Why is Punjab Natl.Bank falling/rising?

As of 25-Jul, Punjab National Bank's stock price is currently at Rs 108.35, reflecting a decrease of Rs 2.3 or 2.08%. The stock has experienced a trend reversal, falling after two consecutive days of gains, and it touched an intraday low of Rs 108.1. In terms of performance, the stock has seen a decline of 4.41% over the past week, while it has increased by 2.27% over the past month. Despite a year-to-date gain of 5.45%, the stock has underperformed over the past year with a decline of 7.94%. The company has demonstrated strong long-term fundamentals, with a significant annual growth rate of 118.20% in net profits and positive results for the last nine consecutive quarters. However, the recent drop in delivery volume by 22.75% against the 5-day average indicates falling investor participation, which may be contributing to the stock's decline.
In the broader market context, Punjab National Bank's recent performance contrasts with the Sensex, which has only declined by 0.36% over the past week. While the stock's short-term performance has been weaker than the benchmark, it has shown strong long-term growth compared to the Sensex, which has risen by 4.25% year-to-date. The high institutional holdings at 20.59% suggest that knowledgeable investors still see value in the stock, despite its recent price drop. Overall, while the stock has strong fundamentals and long-term growth potential, the recent decline in price may be attributed to short-term market dynamics and reduced investor activity.