Why is DCB Bank falling/rising?

As of 17-Nov, DCB Bank Ltd. is experiencing a rise in its stock price, currently at Rs. 186.00, reflecting an increase of Rs. 10.55 or 6.01%. The stock has recently hit a new 52-week high of Rs. 187.1 and has outperformed its sector by 5.2%. Over the past week, DCB Bank has gained 10.58%, and its performance over the last month shows a significant increase of 44.41%. The company has demonstrated strong fundamentals, including a low Gross NPA ratio of 2.91% and a robust 15.41% CAGR growth in net profits. Additionally, it has declared positive results for the last four consecutive quarters, which has likely contributed to the stock's upward momentum.
In the broader market context, DCB Bank's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.69% over the same week. This strong performance is further supported by high institutional holdings at 42.43%, indicating confidence from larger investors who can analyze the company's fundamentals effectively. While there has been a slight decline in investor participation, as evidenced by an 8.45% drop in delivery volume, the overall liquidity remains adequate for trading. The stock's ability to consistently outperform both its sector and broader market indices suggests a favorable outlook, reinforcing the positive sentiment among investors.