Why is Fedbank Financi. falling/rising?

As of 09-Jun, Fedbank Financial Services Ltd is experiencing a price increase, currently at Rs 110.94, reflecting a rise of Rs 6.82 or 6.55%. The stock has shown strong performance today, outperforming its sector by 4.6% and achieving a consecutive gain over the last two days with a total return of 9.84%. It reached an intraday high of Rs 112, and the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 53.66% compared to the 5-day average. Despite a negative return of -9.33% over the past year, the company has demonstrated strong long-term fundamentals, with a 29.70% CAGR growth in operating profits and a healthy growth rate in net sales.
In the broader market context, Fedbank Financial Services Ltd has outperformed the Sensex in the short term, with a 1-week return of +9.41% compared to the Sensex's +1.32%. This indicates that the stock is gaining traction relative to the overall market. While the technical trend has improved from mildly bearish, suggesting some recovery, the stock's long-term performance remains a concern due to the decline in profits over the past year. However, the attractive valuation with a Price to Book Value of 1.6 and a return on equity of 8.8 may provide a supportive backdrop for future growth, contributing to the recent upward price movement.