Why is Punjab Natl.Bank falling/rising?

As of 30-Jul, Punjab National Bank's stock price is currently at 108.10, reflecting a decrease of 1.2, or 1.1%. The stock has underperformed its sector today by 0.84%, and its delivery volume has fallen by 23.75% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 1.64%, while its performance over the past month shows a decline of 2.17%. Despite a year-to-date increase of 5.21%, the stock has experienced a significant drop of 13.86% over the past year. However, it has shown strong long-term growth with a compound annual growth rate (CAGR) of 118.20% in net profits, and its valuation appears attractive with a price-to-book ratio of 1.
In the broader market context, Punjab National Bank's recent performance contrasts with the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. The stock's high institutional holdings at 20.59% suggest that knowledgeable investors are backing it, despite the recent price drop. The company's strong fundamentals, including a significant increase in profits and a favorable PEG ratio of 0.1, indicate potential for recovery. However, the current underperformance relative to the sector and declining investor interest may be contributing to the stock's recent downward movement.