Why is Bandhan Bank falling/rising?

As of 09-Jun, Bandhan Bank Ltd. is experiencing a significant rise in its stock price, currently at 186.15, reflecting an increase of 12.9 or 7.45%. The stock has shown strong performance today, outperforming its sector by 7.23% and achieving consecutive gains over the last two days, with a total return of 11.6% during this period. It reached an intraday high of Rs 187.2, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 168.14% compared to the 5-day average. The bank's high profitability, indicated by a net interest margin of 12.92% and a capital adequacy ratio of 18.36%, along with a favorable valuation reflected in its price-to-book ratio, further supports the stock's upward movement.
In the broader market context, Bandhan Bank's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.32% over the past week, while Bandhan Bank's stock has risen by 7.76% in the same timeframe. This trend is indicative of a strong recovery for the stock, particularly as it has improved from a mildly bearish trend to a mildly bullish one, generating a 7.45% return since June 6. Despite a decline of 5.22% over the past year, the bank's profits have increased by 23.1%, suggesting that the recent stock price increase may be driven by improved investor sentiment and technical indicators that are currently bullish.