Punjab & Sind Bank Faces Technical Trend Challenges Amid Market Volatility

Apr 02 2025 08:00 AM IST
share
Share Via
Punjab & Sind Bank has recently faced a mixed evaluation, with technical indicators suggesting bearish trends. The stock price has seen significant volatility, currently at 34.81, down from a previous close of 43.51. Despite recent declines, the bank has outperformed the Sensex over the past three and five years.
Punjab & Sind Bank, a prominent player in the public banking sector, has recently undergone an evaluation revision reflecting its current market dynamics. The bank's technical indicators present a mixed picture, with the MACD and Bollinger Bands signaling bearish trends on both weekly and monthly scales. The moving averages also align with this sentiment, indicating a bearish stance in daily assessments.

In terms of performance metrics, Punjab & Sind Bank's current price stands at 34.81, significantly lower than its previous close of 43.51. The stock has experienced a 52-week high of 73.62 and a low of 34.81, highlighting substantial volatility in its trading range. Today's trading saw a high of 37.37 and a low matching its current price.

When comparing the bank's returns to the Sensex, the data reveals a stark contrast. Over the past week, the bank's stock return has plummeted by 25.28%, while the Sensex only declined by 2.55%. This trend continues across various time frames, with a year-to-date return of -27.21% compared to the Sensex's -2.71%. However, looking back over three and five years, Punjab & Sind Bank has outperformed the Sensex, with returns of 119.62% and 219.36%, respectively. This historical performance underscores the bank's potential resilience despite recent challenges.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News