Why is City Union Bank falling/rising?

As of 03-Jul, City Union Bank Ltd. is experiencing a decline in its stock price, currently at Rs 217.10, which reflects a decrease of Rs 4.9 or 2.21%. The stock has underperformed its sector by 1.9% today and has been on a downward trend for the last two days, accumulating a total loss of 5.75% in that period. Despite this recent decline, the stock has shown strong performance over the past year, with a return of 27.56%, significantly outperforming the market benchmark, which has only returned 2.20%. The bank's fundamentals remain strong, highlighted by a high return on assets (ROA) of 1.36%, a robust capital adequacy ratio of 20.98%, and consistent positive results over the last three quarters, including the lowest gross non-performing assets (NPA) at 3.09%.
In the broader market context, City Union Bank's short-term performance has been favorable compared to the benchmark, as it has gained 6.11% over the past week while the Sensex has decreased by 0.62%. However, the recent price drop may be attributed to falling investor participation, with a notable decline in delivery volume by 16.33% against the five-day average, indicating reduced interest from investors. Additionally, the stock's valuation appears expensive with a price-to-book ratio of 1.7, which may deter some investors despite the company's high institutional holdings at 61.1%. Overall, while the bank has demonstrated strong long-term growth and management efficiency, the recent price movement reflects a combination of short-term selling pressure and concerns over valuation.