Why is Canara Bank falling/rising?

As of 16-Jul, Canara Bank's stock price is rising, currently at Rs 117.00, reflecting an increase of 2.05 (1.78%). The stock has been gaining momentum, having risen 4.6% over the last three days, and is trading close to its 52-week high, just 1.97% away from Rs 119.3. It is performing well against its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has shown strong returns over various periods, including a 5.17% increase over the past month and a remarkable 183.91% over the last three years. Positive factors contributing to this rise include strong lending practices indicated by a low Gross NPA ratio of 2.94%, a significant growth in net profits, and a high dividend yield of 3.48%. Additionally, the stock's high institutional holdings at 22.8% suggest confidence from knowledgeable investors.
In the broader market context, Canara Bank's short-term performance is notably strong compared to the benchmark Sensex, which has declined by 1.08% over the past week while Canara Bank has increased by 2.72%. This outperformance highlights the stock's resilience and attractiveness to investors amid a challenging market environment. The company's consistent returns, strong fundamentals, and favorable valuation metrics further support its upward price movement, indicating a positive outlook among investors despite broader market fluctuations.