Why is City Union Bank falling/rising?

As of 16-Jul, City Union Bank Ltd. is currently priced at 217.75, reflecting a decrease of 1.1, or 0.5%. The stock has underperformed its sector today by 0.45% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past month, with an increase of 11.70%, and a remarkable year-to-date return of 26.20%. The bank's positive fundamentals, including a high return on assets (ROA) of 1.47%, a robust capital adequacy ratio of 20.98%, and consistent profit growth, contribute to its overall attractiveness. However, the stock's valuation appears expensive with a price-to-book ratio of 1.7, and the recent drop in delivery volume indicates a potential decrease in investor participation.
In the broader market context, City Union Bank's recent performance contrasts with the benchmark Sensex, which has declined by 1.08% over the past week. While the bank has outperformed the market significantly over the past year, generating a return of 36.52% compared to the Sensex's 2.38%, the current short-term underperformance may reflect broader market sentiments or profit-taking by investors. The high institutional holdings at 61.1% suggest that knowledgeable investors are backing the stock, yet the recent dip in delivery volume could signal caution among retail investors. Overall, while the bank's fundamentals remain strong, the recent price movement reflects a complex interplay of market dynamics and investor behavior.