Why is City Union Bank falling/rising?

As of 13-Aug, City Union Bank Ltd. is experiencing a price increase, currently at Rs 211.10, reflecting a rise of 3.2 points or 1.54%. The stock has shown a trend reversal after three consecutive days of decline, outperforming its sector by 1.22% today. It reached an intraday high of Rs 215.1, indicating positive momentum. Over the past month, the stock has gained 0.45%, while its year-to-date performance is significantly stronger at 22.34%. The bank's strong fundamentals, including 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, which supports its healthy long-term growth narrative.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has seen a slight decline of 0.01% over the past week, City Union Bank's recent performance contrasts with the benchmark's negative returns of 2.38% over the past month. The stock's ability to generate a return of 30.87% over the past year, compared to the Sensex's 2.01%, highlights its market-beating performance. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 5.97% against the five-day average, which could indicate caution among some investors despite the overall positive outlook.