Why is CSB Bank falling/rising?

As of 14-Jul, CSB Bank Ltd's stock price is rising, currently at Rs. 425.45, reflecting an increase of Rs. 10.2 or 2.46%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 2.48%. It has shown a positive trend over the last four days, gaining 3.89% during this period. Additionally, CSB Bank's performance over various time frames has been strong, with a year-to-date return of 35.62% and a three-year return of 112.83%. The bank's high Capital Adequacy Ratio of 22.77% and healthy long-term growth indicators, such as a net profit increase of 115.66%, contribute positively to investor sentiment, despite the stock trading at a premium compared to its peers.
In the broader market context, CSB Bank's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.42% over the past week while CSB Bank has risen by 2.77%. This indicates that CSB Bank is not only performing well in isolation but is also gaining traction against a backdrop of broader market challenges. The high institutional holdings at 29.96% suggest confidence from knowledgeable investors, further supporting the stock's upward movement. However, it is worth noting that there has been a significant drop in delivery volume, which may indicate a potential concern regarding investor participation in the stock.