Why is IDBI Bank falling/rising?

As of 01-Jul, IDBI Bank Ltd. is experiencing a price increase, with its current price at Rs 104.90, reflecting a change of 1.47 (1.42%) upward. The stock has shown strong performance, gaining 17.47% over the last eight days and is currently trading close to its 52-week high, just 2.94% away from Rs 107.98. It has outperformed its sector by 0.7% today and is trading above all key moving averages, indicating positive momentum. The bank's solid fundamentals, including a high Capital Adequacy Ratio of 18.29%, consistent profit growth, and low non-performing assets, contribute to investor confidence, further driving the stock's upward movement.
In the broader market context, IDBI Bank's short-term return of 14.30% over the past week significantly outpaces the Sensex's 2.00% increase, highlighting its strong relative performance. The stock has consistently outperformed the BSE500 over the last three years, reinforcing its attractiveness to investors. The combination of rising investor participation, as evidenced by a 157.93% increase in delivery volume, and the bank's positive financial results over the last 11 quarters, positions IDBI Bank favorably in the current market environment, contributing to its rising stock price.