Why is Bank of Maha falling/rising?

As of 15-Oct, Bank of Maharashtra's stock price is rising, currently at Rs. 59.30, reflecting an increase of Rs. 4.12 or 7.47%. The stock reached a new 52-week high of Rs. 60.26 today and outperformed its sector by 5.81%. Over the past week, the stock has gained 4.62%, and it has shown impressive performance over longer periods, with a year-to-date increase of 13.60% and a three-year growth of 230.36%. The company has demonstrated strong fundamentals, including a low Gross NPA ratio of 1.74% and a significant 70.11% CAGR growth in net profits, which has contributed to positive investor sentiment and rising stock prices.
In the broader market context, Bank of Maharashtra's recent performance has notably outpaced the benchmark Sensex, which has only increased by 1.02% over the past week. The stock's strong performance is further supported by rising investor participation, with delivery volume increasing by 135.22% compared to the five-day average. The company's consistent positive results over the last 20 quarters and attractive valuation metrics, such as a PEG ratio of 0.5, reinforce its appeal to investors, contributing to the upward movement in its stock price.