Why is City Union Bank falling/rising?

As of 09-Jul, City Union Bank Ltd. is experiencing a price increase, with its current price at Rs 218.25, reflecting a rise of Rs 2.75 or 1.28%. Today's price summary indicates that the stock outperformed its sector by 1.26%, reaching an intraday high of Rs 219.95. Over the past month, the stock has shown a positive return of 6.75%, and its year-to-date performance stands at an impressive 26.49%. The bank's strong fundamentals, including a high return on assets (ROA) of 1.47%, a capital adequacy ratio of 20.98%, and consistent positive results over the last three quarters, contribute to its favorable outlook. However, a decline in investor participation, with delivery volume falling by 31.75% against the 5-day average, may pose a concern for future price movements.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 1.69% over the past week while the Sensex has increased by 0.15%. Despite this, City Union Bank's long-term returns remain strong, outperforming the market with a 30.69% return over the past year, significantly higher than the BSE500's 1.43%. The high institutional holdings at 61.1% suggest that knowledgeable investors are backing the stock, which may provide additional stability. However, the stock's relatively expensive valuation, indicated by a price-to-book ratio of 1.7, and a PEG ratio of 1.4, could be factors that investors need to consider when evaluating its future performance.