Why is City Union Bank falling/rising?

As of 04-Jul, City Union Bank Ltd. is currently priced at 217.20, reflecting a slight increase of 0.1 (0.05%). The stock has shown a positive trend recently, gaining after two consecutive days of decline. It is trading above its moving averages across various time frames, indicating a bullish sentiment. However, the stock underperformed its sector today by 0.39%, and there has been a notable decline in investor participation, with delivery volume dropping by 42.37% compared to the five-day average. Over the past week, the stock has outperformed the Sensex, with a return of 6.24% compared to the benchmark's decline of 0.74%, and it has also shown strong performance year-to-date with a return of 25.88%.
In terms of broader market context, City Union Bank's performance has been robust, significantly surpassing the market's returns over the past year, where it generated a return of 25.73% against the BSE500's 2.13%. The bank's high management efficiency, evidenced by a return on assets of 1.36% and a solid capital adequacy ratio of 20.98%, supports its positive outlook. Additionally, the company has consistently reported strong quarterly results, contributing to its appeal among institutional investors, who hold 61.1% of the stock. However, the stock's valuation appears expensive with a price-to-book ratio of 1.7, which may pose a risk if profit growth does not keep pace with its stock price appreciation.