Why is Bank Of Baroda falling/rising?

As of 11-Aug, Bank Of Baroda's stock price is rising, currently at Rs 243.95, reflecting an increase of Rs 4.7 or 1.96%. The stock has shown a positive performance today, reaching an intraday high of Rs 244.8, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a 1.14% increase over the past week and a 2.85% increase over the past month, while the benchmark Sensex has declined by 0.51% and 2.30%, respectively. The company benefits from strong lending practices, a low gross NPA ratio of 2.28%, and a high dividend yield of 3.49%, which contribute to its attractive valuation and positive investor sentiment.
In the broader market context, Bank Of Baroda's recent performance contrasts favorably with the Sensex, which has seen negative returns in the same periods. The public banking sector has gained by 2%, indicating a supportive environment for Bank Of Baroda's stock. Furthermore, the stock's strong long-term fundamentals, including an impressive 84.07% CAGR growth in net profits and high institutional holdings at 27.14%, suggest that it is well-positioned for continued growth despite a slight decline in annual returns compared to the benchmark. This combination of factors has likely contributed to the stock's upward movement amidst a challenging market backdrop.