Why is IDBI Bank falling/rising?

As of 26-Jun, IDBI Bank Ltd. is experiencing a price increase, with its current price at 95.44, reflecting a change of 0.82 or 0.87% upward. The stock has shown strong performance recently, gaining 6.88% over the past week and outperforming its sector by 0.65% today. It has been on a consecutive gain streak for the last five days, and the delivery volume has significantly increased by 60.94% compared to the five-day average. Additionally, the stock's performance over various periods indicates robust growth, with a year-to-date return of 24.76% and a three-year return of 202.03%. The bank's strong financial metrics, including a high Capital Adequacy Ratio of 18.29% and consistent profit growth, further bolster investor confidence.
In the broader market context, IDBI Bank's recent short-term return of 6.88% over the past week significantly outpaces the Sensex's return of 2.94% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The bank's positive financial results over the last 11 consecutive quarters, including a low Gross NPA of 2.98% and a PAT growth of 31.43%, contribute to its favorable valuation and investor sentiment. The stock's fair valuation compared to its peers, alongside a PEG ratio of 0.4, suggests that it remains an attractive investment option, supporting its upward price movement.