Why is Dhanlaxmi Bank falling/rising?

As of 01-Jul, Dhanlaxmi Bank Ltd is experiencing a price increase, currently at 31.22, reflecting a rise of 0.68 or 2.23%. The stock has shown strong performance today, outperforming its sector by 2.17%, and has gained consecutively over the last two days, accumulating a total return of 5.37% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The recent increase in delivery volume by 145.12% compared to the 5-day average suggests rising investor interest. Despite a year-to-date decline of 0.16% and a significant drop of 24.57% over the past year, the company has reported positive financial results, including a growth in interest and a decrease in gross non-performing assets, which may contribute to the stock's recent upward movement.
In the broader market context, Dhanlaxmi Bank's short-term return of 7.77% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. This indicates that the stock is gaining traction relative to the overall market. The increase in institutional investor participation, with an 8.2% rise in their stake, also reflects growing confidence in the company's fundamentals, which could further support the stock's price movement. Overall, while the stock has faced challenges over the past year, recent positive developments and strong short-term performance suggest a favorable outlook for Dhanlaxmi Bank Ltd.