Why is IDBI Bank falling/rising?

As of 23-Jul, IDBI Bank Ltd. is experiencing a price increase, currently at Rs 97.45, reflecting a rise of 2.2 or 2.31%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It reached an intraday high of Rs 97.7, and while it has outperformed its sector by 1.82% today, there has been a notable decrease in investor participation, with delivery volume falling by 11% against the five-day average. Over the past month, the stock has increased by 7.01%, and it has delivered a substantial year-to-date return of 27.39%, indicating strong long-term growth potential. The bank's high Capital Adequacy Ratio of 18.53% and a healthy net profit growth rate of 23.50% further support its positive outlook, as does its favorable valuation metrics, including a PEG ratio of 0.5.
In the broader market context, the stock's short-term performance has been somewhat mixed compared to the benchmark, as it has declined by 3.18% over the past week while the Sensex has gained 0.11%. However, IDBI Bank has consistently outperformed the BSE500 over the last three years, generating significant returns. This strong historical performance, combined with its current positive indicators, suggests that despite recent fluctuations, the stock is positioned well for continued growth, particularly as it trades at a discount compared to its peers' average historical valuations.