Why is IDBI Bank falling/rising?

As of 25-Jun, IDBI Bank Ltd. is experiencing a price increase, currently at Rs 94.62, reflecting a rise of 2.84 or 3.09%. The stock has shown strong performance today, outperforming its sector by 2.54% and achieving a consecutive gain over the last four days, with a total return of 5.96% during this period. It reached an intraday high of Rs 95.9, indicating positive momentum. The stock's performance over various periods has also been impressive, with a year-to-date return of 23.69% and a three-year return of 199.43%. The bank's strong fundamentals, including a high Capital Adequacy Ratio of 18.29%, consistent net profit growth, and low non-performing asset ratios, contribute positively to its recent price movement.
In the broader market context, IDBI Bank's short-term return of 2.89% over the past week exceeds the Sensex's return of 1.61% during the same period, indicating that the stock is gaining traction relative to the market. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Overall, the combination of strong financial performance, consistent returns, and positive investor sentiment has driven the stock's recent upward trajectory.