Why is DCB Bank falling/rising?

As of 18-Sep, DCB Bank Ltd. is experiencing a price increase, currently at 130.20, reflecting a rise of 0.8 or 0.62%. The stock has shown a positive performance today, gaining 2.24% over the last two days. It is currently trading above its 5-day, 20-day, and 200-day moving averages, although it remains below its 50-day and 100-day moving averages. The stock has outperformed the benchmark Sensex over the past week, month, and year, with returns of 2.97%, 6.29%, and 7.43%, respectively. Positive factors contributing to this upward movement include strong lending practices evidenced by a low Gross NPA ratio of 2.98%, consistent positive quarterly results, and a high institutional holding of 43.49%, which indicates confidence from larger investors.
In the broader market context, DCB Bank's short-term performance has been favorable compared to the Sensex, which has returned 1.80% over the past week and 2.14% over the past month. This suggests that the stock is gaining traction in a market that is also experiencing growth, albeit at a slower rate. The company's attractive valuation, with a Price to Book Value of 0.7 and a PEG ratio of 0.4, further supports its rising stock price. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 32.66% against the 5-day average, which could indicate a potential concern for future trading activity.