Why is City Union Bank falling/rising?

As of 24-Sep, City Union Bank Ltd. is currently priced at 210.80, reflecting an increase of 5.75 or 2.8%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 3.91%. It reached an intraday high of Rs 212.35, and is trading above all its moving averages, indicating strong momentum. Over the past week, the stock has increased by 3.61%, while its performance over the last year has been impressive, yielding a return of 25.66% compared to a decline of 3.77% in the benchmark index. The bank's strong fundamentals, including a low Gross NPA ratio of 2.99% and a high Capital Adequacy Ratio of 21.32%, support its recent price movement. Additionally, the company has reported positive results for the last four consecutive quarters, contributing to investor confidence.
In the broader market context, while the stock has performed well, the benchmark Sensex has experienced a decline of 1.18% over the past week. This indicates that City Union Bank's recent rise is not aligned with the overall market trend, suggesting a degree of resilience in its performance. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 64.17% against the five-day average, which could be a concern for future price stability. Despite this, the stock's ability to generate a return of 22.17% year-to-date, compared to the Sensex's 4.58%, highlights its strong position in a challenging market environment.