Why is IDFC First Bank falling/rising?

As of 03-Jul, IDFC First Bank Ltd. is currently priced at 77.64, reflecting an increase of 0.42 (0.54%). The stock has shown strong performance recently, with a 7.97% increase over the past week and a notable 15.92% rise over the last month, significantly outperforming the Sensex, which has declined by 0.62% during the same week. Today's trading indicates that IDFC First Bank is above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the stock has seen a rise in investor participation, with a delivery volume increase of 0.76% compared to the 5-day average. The company's strong lending practices, characterized by a low Gross NPA ratio of 1.87%, and a robust long-term growth trajectory, with a 20.42% CAGR in net profits, further support its upward movement. High institutional holdings at 54.14%, which have increased by 1.72% over the previous quarter, also indicate confidence from knowledgeable investors.
In the broader market context, IDFC First Bank's short-term performance stands in stark contrast to the Sensex, which has only gained 3.10% over the past month. This divergence highlights the bank's strong relative performance, particularly as it has outperformed its sector by 0.85% today. The positive momentum in the stock price can be attributed to both its solid fundamentals and favorable market conditions, which have allowed it to thrive despite a generally mixed performance in the broader market.