Why is I O B falling/rising?

As of 01-Jul, Indian Overseas Bank's stock price is rising, currently at 39.93, with a change of 0.94, representing a 2.41% increase. The stock has been gaining for the last three days, with a total return of 5.5% during this period, outperforming its sector by 1.69%. In the past week, the stock has seen a return of 6.06%, while its performance over the last month is slightly positive at 0.30%. The company has demonstrated strong long-term fundamental strength, with a 19.02% compound annual growth rate in net profits and positive results for the last 21 consecutive quarters. Additionally, the stock is trading at a discount compared to its peers, and institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, while the stock has underperformed over the past year with a return of -37.27% compared to the Sensex's gain of 5.31%, its recent short-term performance contrasts positively with the benchmark. The Sensex has only increased by 2.00% over the past week, highlighting the stock's relative strength in the short term. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement. Overall, despite its long-term underperformance, the recent gains can be attributed to strong fundamentals and increased interest from institutional investors.