Why is CSB Bank falling/rising?

As of 20-Oct, CSB Bank Ltd's stock price is rising, currently at 423.90, reflecting an increase of 31.25 or 7.96%. The stock has shown strong performance, gaining 10.39% over the past week and 21.01% over the last month, significantly outperforming the Sensex, which has only increased by 2.47% and 2.10% respectively during those periods. The stock is also close to its 52-week high, just 4.98% away, and has been on a consecutive gain streak for the last five days. Despite a recent decline in investor participation, indicated by a drop in delivery volume, the stock remains liquid enough for trading. Additionally, CSB Bank's high Capital Adequacy Ratio of 22.23% and robust growth in Net Interest Income and net profit have contributed positively to investor sentiment, bolstering its recent price movement.
In the broader market context, CSB Bank's performance has outpaced the benchmark significantly, with a one-year return of 36.30% compared to the BSE500's mere 0.80%. This strong relative performance highlights the bank's market-beating capabilities, further attracting investor interest. The high institutional holdings at 30.33% suggest that knowledgeable investors are backing the stock, which can instill confidence among retail investors. Overall, the combination of solid financial fundamentals, recent price momentum, and favorable comparisons to the broader market has contributed to the rising stock price of CSB Bank Ltd.