Why is Indian Bank falling/rising?

As of 29-Oct, Indian Bank's stock price is rising, currently at Rs. 857.10, reflecting an increase of 4.2 points or 0.49%. The stock has reached a new 52-week and all-time high of Rs. 857.15 today, and it has been on an upward trend, gaining 4.58% over the last three days. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns, with a 61.43% increase year-to-date and a 250.62% rise over the past three years. The company has demonstrated strong lending practices, a low Gross NPA ratio of 2.60%, and consistent profit growth, with net profits increasing at a compound annual growth rate of 70.83%. Furthermore, high institutional holdings at 23.29% suggest confidence from knowledgeable investors. In the broader market context, Indian Bank's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.68% over the past week, while Indian Bank's stock has surged by 5.37% in the same period. This strong performance relative to the benchmark reflects the market's positive sentiment towards the bank's fundamentals and growth prospects. Despite some concerns regarding its valuation, as indicated by a Price to Book Value of 1.5 and a relatively high PEG ratio of 0.4, the overall positive financial indicators and consistent returns over the last year have contributed to the stock's upward movement.