Why is CSB Bank falling/rising?

As of 17-Jul, CSB Bank Ltd's stock price is rising, currently at 427.60, reflecting an increase of 1.9 or 0.45%. The stock has shown strong performance recently, with a 3.54% increase over the past week and an impressive 8.06% rise over the last month. It is currently trading close to its 52-week high, just 1.03% away from Rs 432. Additionally, CSB Bank is outperforming its sector by 0.99% today and is trading above all its moving averages, indicating positive momentum. The bank's high Capital Adequacy Ratio of 22.77% and healthy long-term growth, with a net profit increase of 115.66%, contribute to its strong fundamentals. However, there is a noted decline in investor participation, with delivery volume falling by 57.98% against the 5-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.12% over the past week, CSB Bank's performance stands out positively. The stock has consistently outperformed the broader market, generating a return of 18.53% over the past year compared to the Sensex's 1.91%. This market-beating performance, along with high institutional holdings at 29.96%, suggests that informed investors are confident in the bank's prospects, further supporting the stock's upward movement.