Why is City Union Bank falling/rising?

As of 04-Nov, City Union Bank Ltd. is experiencing a significant rise in its stock price, currently at Rs. 258.70, reflecting an increase of Rs. 22.8 or 9.67%. The stock has recently hit a new 52-week high of Rs. 260.75 and has outperformed its sector by 10.32%. Over the past two days, it has gained 12.92%, opening with a gap up of 5.74% today. Additionally, the stock has shown strong performance over various periods, with a 1-month return of 20.07% and a year-to-date return of 49.93%. The bank's strong lending practices, low Gross NPA ratio of 2.99%, and high Capital Adequacy Ratio of 21.32% contribute positively to its valuation, alongside consistent positive results over the last five quarters.
In the broader market context, City Union Bank's short-term performance has been notably strong compared to the benchmark Sensex, which has declined by 1.38% over the past week while the bank's stock has risen by 8.11%. This indicates a robust market-beating performance, as the stock has generated a return of 45.26% over the last year, significantly higher than the market's return of 4.72%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 59.52% against the 5-day average, which could indicate potential risks in sustaining this upward momentum.