Recent Price Movement and Market Performance
Punjab & Sind Bank has experienced a notable decline over the past week, with its share price dropping by 6.33%, significantly underperforming the Sensex, which fell by only 0.53% in the same period. The downward trend extends over the last month as well, where the stock has lost 9.30%, contrasting with the Sensex’s 2.16% gain. Year-to-date, the bank’s shares have plummeted by 40.88%, while the benchmark index has risen by 9.12%. Over the last year, the stock’s performance has been even more stark, with a 48.43% loss compared to the Sensex’s 5.32% gain.
On a technical front, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish...
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