Why is Indbank Merchant falling/rising?

As of 07-Oct, Indbank Merchant Banking Services Ltd is experiencing a significant rise in its stock price, currently at Rs 45.80, reflecting an increase of Rs 6.3 or 15.95%. The stock has shown strong performance today, outperforming its sector by 15.78% and has been on a consecutive gain streak for the last two days, accumulating a remarkable 39.13% return in that period. It opened with a gain of 5.09% and reached an intraday high of Rs 47, indicating robust investor interest. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Notably, there has been a substantial increase in delivery volume, rising by 3519.7% against the 5-day average, indicating heightened investor participation. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into the specific drivers behind this movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 2.07% over the past week, while Indbank's stock surged by 38.24%. This stark contrast highlights the stock's strong momentum relative to the market. Over the past month, Indbank has also outperformed the Sensex, with a return of 40.88% compared to the benchmark's 1.51%. However, it is worth noting that year-to-date, the stock is down 1.10%, while the Sensex has gained 4.85%, indicating that despite recent gains, the stock has faced challenges earlier in the year.