Why is Punjab Natl.Bank falling/rising?

As of 23-Sep, Punjab National Bank's stock price is currently at Rs 113.45, reflecting an increase of Rs 0.45 or 0.4%. The stock is trading close to its 52-week high, just 2.03% away from Rs 115.75. Despite this positive price movement, it has underperformed its sector by 0.66% today. The stock has shown strong performance over the past week and month, with returns of 4.66% and 7.54%, respectively. Additionally, the company has demonstrated robust long-term growth, with a compound annual growth rate (CAGR) of 111.43% in net profits, and a favorable price-to-book value ratio compared to its peers. However, there has been a decline in investor participation, as evidenced by a 10.84% drop in delivery volume compared to the 5-day average.
In the broader market context, while Punjab National Bank has outperformed the Sensex over the last week and month, the benchmark index has shown a slight decline of 0.34% over the past week. The stock's strong institutional holdings at 20.59% suggest confidence from larger investors, which can positively influence its stability and growth potential. Despite the recent price increase, the stock's performance relative to the sector indicates some challenges, particularly with falling investor participation. Overall, the combination of strong fundamentals and recent price movements reflects a complex picture of growth potential tempered by current market dynamics.