Why is CSB Bank falling/rising?

As of 18-Jul, CSB Bank Ltd's stock price is currently at Rs. 431.50, reflecting an increase of Rs. 3.9 or 0.91%. The stock has recently hit a new 52-week and all-time high of Rs. 433.55 today, indicating strong upward momentum. Over the past week, CSB Bank has outperformed the Sensex, with a return of +3.91% compared to the benchmark's -0.90%. Additionally, the stock has shown consistent gains over the last two days, rising by 1.36%. Despite a decrease in delivery volume by 57.04% against the 5-day average, the stock remains liquid enough for trading, supported by a high Capital Adequacy Ratio of 22.77% and strong institutional holdings at 29.96%.
Broader Market Context: In the context of the broader market, CSB Bank's performance stands out as it has generated a return of +10.88% over the past month, while the Sensex has only increased by +0.38%. This trend highlights the bank's ability to outperform the market significantly in both the short and long term, as evidenced by its 37.55% year-to-date return compared to the Sensex's 4.63%. The stock's strong performance, combined with healthy fundamentals such as a return on assets of 1.2 and a fair valuation, suggests that investor confidence remains high, contributing to its rising price.