Why is Canara Bank falling/rising?

As of 18-Sep, Canara Bank's stock price is currently at 115.40, reflecting a decrease of 0.85 or 0.73%. Despite this decline, the stock has shown positive performance over the past week, with a return of 2.99%, and a notable increase of 5.58% over the past month. The stock is trading close to its 52-week high, just 3.38% away from 119.3. However, it has underperformed its sector by 0.45% today and has experienced a trend reversal after three consecutive days of gains. The stock remains above its moving averages across various timeframes, indicating a generally positive trend. Additionally, strong fundamentals such as a low Gross NPA ratio of 2.69% and a high dividend yield of 3.44% contribute to its attractiveness, alongside a significant growth in net profits at a CAGR of 59.37%.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.80% over the past week, Canara Bank's performance has been stronger, suggesting a robust position relative to the broader market. The stock has consistently outperformed the BSE500 over the last three years, generating a return of 9.38% in the past year, while the Sensex has only seen a marginal increase of 0.08%. The rising investor participation, evidenced by a delivery volume increase of 199.16% against the 5-day average, indicates growing interest in the stock, despite its current price decline. This context highlights that while Canara Bank is experiencing a short-term drop, its long-term fundamentals and recent performance trends suggest resilience and potential for recovery.