Why is DCB Bank falling/rising?

As of 07-Nov, DCB Bank Ltd. is experiencing a price increase, currently at Rs. 172.60, reflecting a rise of 10.3 points or 6.35%. The stock has recently hit a new 52-week high of Rs. 175.1 and has outperformed its sector by 5.89%. Over the past week, the stock has shown a return of 9.31%, significantly higher than the Sensex, which has declined by 0.86%. Additionally, DCB Bank has demonstrated strong long-term fundamentals, with a low Gross NPA ratio of 2.91% and a robust 15.41% CAGR growth in net profits. The company has consistently reported positive results over the last four quarters, contributing to its favorable market performance.
In the broader market context, DCB Bank's strong performance contrasts sharply with the benchmark, as it has generated a return of 41.59% over the past year, while the BSE500 has only returned 2.78%. This indicates that DCB Bank is not only performing well in isolation but is also significantly outperforming the market. However, there is a noted decline in investor participation, with delivery volume falling by 28.18% against the 5-day average, which may raise concerns about sustainability. Despite this, the high institutional holdings at 42.43% suggest confidence from more knowledgeable investors, further supporting the stock's upward trajectory.