Why is Central Bank falling/rising?

As of 17-Jul, the Central Bank of India is experiencing a slight increase in its stock price, currently at 38.61, with a change of 0.06 (0.16%) upward. The stock has shown a positive trend recently, gaining for the last two days and outperforming its sector by 0.94%. Despite a one-week decline of 1.23%, the stock has performed better over the past month, rising by 1.71%. The company's strong long-term fundamental strength, indicated by a 39.99% CAGR growth in net profits, and an attractive valuation with a PEG ratio of 0.2, contribute positively to its recent performance. Additionally, the increase in institutional investor participation, with a 3.87% rise in their stake, suggests growing confidence in the company's fundamentals.
In the broader market context, the Central Bank of India has underperformed compared to the Sensex over the past year, with a significant decline of 40.63% against the benchmark's modest gain of 1.91%. However, the stock's recent performance indicates a potential recovery, as it has outperformed the sector and shown increased investor participation. The liquidity of the stock, with a delivery volume rise of 236.33% against the five-day average, further supports its upward movement. Despite the challenges reflected in flat quarterly results and overall underperformance in the last year, the combination of strong fundamentals and increasing institutional interest may be driving the recent positive price action.