Why is City Union Bank falling/rising?

As of 17-Jul, City Union Bank Ltd. is experiencing a decline in its stock price, currently at Rs 216.10, which reflects a decrease of -1.65 or -0.76%. The stock has been losing value for the last two days, with a total drop of -1.26% during this period. Despite this recent downturn, the stock has shown strong performance over the past month, gaining +12.09%, and has delivered a remarkable +35.49% return over the past year, significantly outperforming the benchmark. However, today's trading activity indicates a falling investor participation, with delivery volume decreasing by -35.24% compared to the 5-day average, which may contribute to the stock's current price movement. The company also maintains a high management efficiency with a return on assets of 1.47% and a robust capital adequacy ratio of 20.98%, alongside consistent positive quarterly results.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex, which has declined by -1.12% over the past week. While City Union Bank's long-term growth prospects appear healthy, with a net profit growth rate of 18.73% and a low gross NPA of 3.09%, the stock's current valuation is considered expensive with a price-to-book ratio of 1.7. This valuation, combined with a PEG ratio of 1.4, may lead some investors to reassess their positions, especially in light of the recent drop in trading volume. Overall, while the stock has shown strong historical performance, the recent price decline may reflect a combination of market sentiment and valuation concerns.