Why is Punjab Natl.Bank falling/rising?

As of 17-Sep, Punjab National Bank's stock price is rising, currently at Rs 111.95, reflecting an increase of Rs 3.55 or 3.27%. The stock has shown strong performance today, outperforming its sector by 0.71% and reaching an intraday high of Rs 112.2. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 5.36%, and year-to-date, it has increased by 8.95%. The company has demonstrated robust long-term growth, with a compound annual growth rate (CAGR) of 111.43% in net profits, and it maintains a favorable valuation compared to its peers. However, there has been a decline in investor participation, with delivery volume falling by 32.23% against the 5-day average.
In the broader market context, Punjab National Bank's recent performance has outpaced the benchmark Sensex, which has risen by 1.56% over the past week. The bank's stock has consistently generated returns, outperforming the BSE500 in each of the last three annual periods. With high institutional holdings at 20.59%, the stock benefits from the analytical capabilities of these investors, further supporting its upward movement. Despite a slight dip in delivery volume, the overall liquidity remains sufficient for trading, contributing to the stock's positive momentum in the market.