Why is Bank Of India falling/rising?

As of 07-Nov, Bank Of India is experiencing a rise in its stock price, currently at 144.60, reflecting an increase of 4.4 (3.14%). The stock has recently hit a new 52-week high of Rs. 144.85 and has outperformed its sector by 2.37%. After two consecutive days of decline, the stock has shown a trend reversal. Additionally, it is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has increased by 3.40%, and year-to-date, it has risen by 41.76%, significantly outperforming the Sensex, which has only gained 6.50% during the same period. The company's strong fundamentals, including a low Gross NPA ratio of 2.54% and a robust 46.49% CAGR growth in net profits, contribute positively to its recent performance.
In the broader market context, while the Sensex has seen a decline of 0.86% over the past week, Bank Of India's performance stands out with its substantial gains. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, which fell by 43.63% against the 5-day average. Despite this drop in investor participation, the company's consistent positive results over the last 17 quarters and its attractive valuation compared to peers support its upward trajectory. Overall, Bank Of India's strong long-term growth prospects and market-beating performance in both the near and long term have driven its stock price higher, contrasting sharply with the broader market trends.