Why is Karur Vysya Bank falling/rising?

As of 26-Jun, Karur Vysya Bank Ltd. is experiencing a price increase, currently at Rs 250.20, reflecting a rise of Rs 3.15 or 1.28%. The stock is trading close to its 52-week high, just 1.34% away from Rs 253.55, and is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown strong returns over various periods, with a 1-month increase of 9.57% and a year-to-date rise of 15.81%. The bank's strong fundamentals, including a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent profit growth, contribute positively to investor sentiment. Additionally, the increase in delivery volume by 70.22% against the 5-day average indicates rising investor participation, further supporting the stock's upward movement.
In the broader market context, while the Sensex has increased by 2.94% over the past week, Karur Vysya Bank's 1-week return of 2.58% shows it is performing slightly below the benchmark. However, the bank has consistently outperformed the BSE 500 over the last three years, generating a return of 23.37% in the past year compared to the Sensex's 6.46%. The high institutional holdings at 54.01% suggest confidence from sophisticated investors, which can positively influence the stock's trajectory. Overall, the combination of strong financial performance, positive investor sentiment, and solid institutional backing contributes to the stock's rising price.