Why is IDBI Bank falling/rising?

As of 14-Jul, IDBI Bank Ltd. is experiencing a price increase, currently at 100.25, reflecting a change of 1.3 or 1.31% upward. Today's price summary indicates that the stock has outperformed its sector by 0.82% and has gained after two consecutive days of decline. Despite a slight drop in delivery volume, the stock remains liquid enough for trading. Over the past week, the stock has seen a minor decline of 0.99%, but it has performed well over the past month with a return of 5.69%, and a significant year-to-date increase of 31.05%. The bank's strong fundamentals, including a high Capital Adequacy Ratio of 18.29%, consistent profit growth, and positive quarterly results, contribute to its favorable performance.
In the broader market context, while the Sensex has declined by 1.42% over the past week, IDBI Bank's performance remains relatively strong, showcasing its resilience against market fluctuations. The stock's long-term growth trajectory is supported by a robust annual net profit growth rate of 20.90% and a low Gross NPA of 2.98%. Additionally, the stock has consistently outperformed the BSE500 over the last three years, indicating a solid investment opportunity despite recent short-term volatility. Overall, the combination of strong financial health and positive market performance underpins the stock's rising price.