Why is I O B falling/rising?

As of 17-Jul, Indian Overseas Bank's stock price is currently at 39.84, reflecting an increase of 0.1 or 0.25%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 3.24% during this period. It has outperformed its sector by 0.88% today, and the delivery volume has significantly increased by 165.44% compared to the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 22.87% and a one-year drop of 40.64%, the bank has demonstrated strong fundamentals, including a low Gross NPA ratio of 2.14% and a consistent growth in net profits at a CAGR of 19.02%. The stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 1.12% over the past week, while Indian Overseas Bank has risen by 1.37%. This contrast highlights the stock's relative strength in a challenging market environment. However, it is important to note that despite recent gains, the stock has underperformed over the past year compared to the broader market, which has seen a slight positive return of 0.26%. This underperformance may still weigh on investor sentiment, even as the stock shows signs of recovery in the short term.