Why is City Union Bank falling/rising?

As of 07-Aug, City Union Bank Ltd. is experiencing a price increase, currently at 215.90, reflecting a change of 1.6 or 0.75% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is outperforming its sector by 0.57% today and is trading above all key moving averages, indicating positive momentum. Over the past week, the stock has risen by 1.84%, while it has outperformed the benchmark Sensex, which has declined by 0.69%. The bank's strong lending practices, characterized by a low Gross NPA ratio of 2.99% and a high Capital Adequacy Ratio of 21.32%, contribute to investor confidence. Additionally, the company has reported positive results for the last four consecutive quarters, with a significant annual net profit growth rate of 21.24%, further supporting its upward price movement.
In the broader market context, City Union Bank's performance stands out as it has generated a return of 31.61% over the past year, significantly outperforming the BSE500 benchmark, which has seen negative returns of -1.34%. This strong performance amidst a declining market reflects the bank's robust fundamentals and high institutional holdings, which have increased by 1.51% over the previous quarter. Despite the positive indicators, the stock's valuation is considered expensive with a Price to Book Value of 1.7, and while it has performed well, its profit growth of 10.7% over the same period suggests that investors should remain cautious about potential valuation corrections.