Why is Bandhan Bank falling/rising?

As of 18-Jul, Bandhan Bank Ltd. is experiencing a price increase, currently at 187.20, reflecting a rise of 2.1 (1.13%). The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 6.97% during this period. Additionally, it has outperformed its sector by 2.31%. Bandhan Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a decline in delivery volume by 38.29% against the 5-day average, the bank's high profitability, evidenced by a net interest margin of 12.92% and a capital adequacy ratio of 18.36%, supports its positive performance. The stock is also trading at a discount compared to its peers, with a PEG ratio of 0.5, and has high institutional holdings at 39.16%, suggesting confidence from larger investors.
In the broader market context, Bandhan Bank's short-term return of +6.58% over the past week significantly outperforms the Sensex, which has declined by 0.90% during the same period. This contrast highlights the stock's relative strength amidst a challenging market environment. Over the past month, Bandhan Bank has also outperformed the benchmark, with a return of +3.60% compared to the Sensex's +0.38%. While the stock has faced challenges over the longer term, such as a -4.47% return over the past year, the recent positive trends in profitability and valuation metrics are contributing to its current upward movement.