Why is City Union Bank falling/rising?

As of 19-Sep, City Union Bank Ltd. has seen its stock price rise to 211.30, reflecting an increase of 3.8 or 1.83%. The stock has outperformed its sector by 2.72% today and has experienced consecutive gains over the last two days, accumulating a total return of 3.86%. It reached an intraday high of Rs 212.5, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The bank's strong fundamentals, including a low Gross NPA ratio of 2.99% and a high Capital Adequacy Ratio of 21.32%, contribute positively to investor sentiment. Additionally, the company has shown healthy long-term growth with a net profit increase of 21.24% annually and has reported positive results for the last four consecutive quarters, further bolstering confidence among investors.
In the broader market context, City Union Bank's short-term return of +3.48% over the past week significantly outpaces the Sensex's gain of only +0.88% during the same period. While the stock has underperformed the benchmark over the last month with a decline of 0.89% compared to the Sensex's increase of 1.20%, its year-to-date performance of +22.46% against the Sensex's +5.74% indicates a strong recovery and resilience in a challenging market environment. The high institutional holdings at 62.61% suggest that informed investors are backing the stock, which may further support its upward trajectory.