Why is J&K Bank falling/rising?

As of 09-Jul, The Jammu & Kashmir Bank Ltd. is currently priced at 112.35, reflecting a slight increase of 0.15 (0.13%). The stock has shown a positive trend recently, gaining 0.99% over the last two days and outperforming its sector by 0.46%. In terms of longer-term performance, the stock has increased by 4.85% over the past month and has an impressive 320.00% rise over the last three years. The bank's strong fundamentals, including a 30.79% CAGR growth in net profits and a provision coverage ratio of 75.58%, contribute to its attractive valuation, which is reflected in its recent price movement.
In the broader market context, the stock's performance over the past week shows a decline of 1.27%, while the benchmark Sensex has gained 0.15%. However, the stock has outperformed the benchmark over the longer term, with a year-to-date return of 11.43% compared to the Sensex's 6.91%. This indicates that while there may be short-term fluctuations, the stock's strong long-term growth and consistent returns over the past three years suggest a solid position in the market.