Why is IDFC First Bank falling/rising?

As of 01-Jul, IDFC First Bank Ltd. is experiencing a price increase, currently at Rs 77.24, reflecting a rise of 4.42 or 6.07%. The stock has shown strong performance recently, outperforming its sector by 6.01% today and achieving a consecutive gain over the last three days with a total return of 7.41%. Additionally, the stock has performed well over various periods, with a 1-week return of 7.29% and a year-to-date return of 22.31%. The bank's strong lending practices, indicated by a low Gross NPA ratio of 1.87%, and a robust long-term growth in net profits at a CAGR of 20.42% contribute positively to investor sentiment. Furthermore, high institutional holdings at 54.14%, which have increased by 1.72% over the previous quarter, suggest confidence from more sophisticated investors.
In the broader market context, IDFC First Bank's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the same week. This strong relative performance indicates that investors are favoring IDFC First Bank over the general market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 30.82% against the 5-day average, which could be a concern for future liquidity. Overall, the combination of strong fundamentals and recent positive price movements has contributed to the stock's upward trajectory.