Why is Bandhan Bank falling/rising?

As of 30-Jun, Bandhan Bank Ltd. is experiencing a price increase, currently at Rs 189.85, reflecting a rise of Rs 4.7 or 2.54%. The stock has shown strong performance recently, gaining 5.38% over the last four days and outperforming its sector by 3.43% today. It has also touched an intraday high of Rs 192.45. In terms of returns, the stock has increased by 11.55% over the past month and 19.40% year-to-date, although it has seen a decline of 6.87% over the past year. The bank's high profitability, indicated by a net interest margin of 12.92% and a capital adequacy ratio of 18.36%, along with rising investor participation and liquidity, contribute positively to its recent price movement.
In the broader market context, Bandhan Bank's short-term return of 5.18% over the past week significantly outpaces the Sensex, which has only risen by 2.09% during the same period. This suggests that investor sentiment towards Bandhan Bank is stronger compared to the overall market. Additionally, the stock's attractive valuation, with a PEG ratio of 0.5 and high institutional holdings at 39.16%, indicates that informed investors are confident in the bank's fundamentals, further supporting the stock's upward trajectory.