At 11:10 a.m. on September 18, PNB shares were trading at ₹108.3, up 0.23% from the previous closing price. Sensex is trading at ₹83242, up 0.2%. The stock reached a high of ₹109.05 and a low of ₹107.8 during the day.
On the technical front, the stock is trading below the short-term simple moving averages of 5, 10, and 20 days, as well as the longer-term moving averages of 50, 100, and 300.
The SMA values for the stock are as follows:
Days: Simple Moving Average (SMA): 5 (109.52), 10 (110.91), 20 (113.53), 50 (116.58), 100 (121.85), and 300 (116.01).
The stock's daily pivot level analysis indicates major resistances at ₹109.96, ₹111.92, and ₹112.94, and important support levels at ₹106.98, ₹105.96, and ₹104.0.
Till 11 a.m. today, the volume traded on NSE and BSE for PNB was -34.35% lower than the previous trading session. Volume traded, together with price, is a significant metric for analyzing trends. Positive price movement with higher volume signals a long-term uptrend, whilst negative price movement with more volume may indicate additional price declines.
Overall, technical analysis indicates that the stock is now in a significant downturn.
According to basic analysis, the company's ROE is 8.54%. The stock's current P/E ratio is 10.14, and its P/B is 1.02. This share's median 1-year upside projection is 1.63%, with a target price of ₹106.53.
According to records from the June quarter, the business has a 73.15% promoter position, an 8.72% mutual fund holding, and a 5.51% foreign institutional investor stake.
The MF holding dropped from 8.89% in March to 8.72% in the June quarter. The FII holding rose from 4.82% in March to 5.51% in the June quarter.
108.3, whereas peers such as are in the red. Overall, the main indexes Nifty and Sensex are up 0.18% and 0.2%, respectively.
