Why is IDFC First Bank falling/rising?

As of 04-Jul, IDFC First Bank Ltd. is currently priced at 77.86, reflecting a slight increase of 0.22 or 0.28%. The stock has been gaining momentum, having risen for the last two days with a total return of 0.83% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 23.18% compared to the 5-day average. Despite this, the bank shows strong fundamentals, including a low Gross NPA ratio of 1.87% and a significant 20.42% CAGR growth in net profits, which supports its recent price movement.
In the broader market context, IDFC First Bank's performance over the past week has been notably strong, with a return of 7.60%, contrasting sharply with the Sensex, which has decreased by 0.74%. This outperformance in the short term highlights the stock's resilience and attractiveness to investors, particularly given the high institutional holdings of 54.14%, which have increased by 1.72% over the previous quarter. While the stock has shown positive returns over the last month and year-to-date, it has underperformed over the past year compared to the benchmark, suggesting that while current trends are favorable, there may be underlying challenges that investors are monitoring.