Why is City Union Bank falling/rising?

As of 01-Jul, City Union Bank Ltd. is experiencing a price increase, currently at Rs. 230.35, reflecting a rise of 12.7 (5.84%). The stock has recently hit a new 52-week high of Rs. 232.35 and has outperformed its sector by 5.78%. Over the past two days, the stock has gained 12.67%, despite opening with a loss of 2.11% today. The stock has shown strong performance over various periods, with a year-to-date return of 33.50% and a one-year return of 38.77%, significantly higher than the market's 5.31% return. Positive factors contributing to this rise include high management efficiency, a robust capital adequacy ratio of 20.98%, and consistent positive quarterly results, which have bolstered investor confidence.
In the broader market context, City Union Bank's short-term performance has been impressive, with a one-week return of 18.92% compared to the Sensex's 2.00%. This substantial outperformance indicates strong investor interest and confidence in the bank's fundamentals, particularly given its high institutional holdings at 61.1%. However, there are some risks associated with its valuation, as the stock is considered expensive with a price-to-book value of 1.8, and while it has generated significant returns, its profit growth has been relatively modest at 10.6%. Overall, the combination of strong performance metrics and positive investor sentiment has driven the stock's recent rise.