Why is Karur Vysya Bank falling/rising?

As of 27-Jun, Karur Vysya Bank Ltd. is experiencing a price increase, with its current price at Rs. 257.05, reflecting a change of 6.85 or 2.74% upward. The stock has recently hit a new 52-week high of Rs. 260.4 and has shown strong performance, outperforming its sector by 2.4%. Over the past week, the stock has gained 3.86%, and in the last month, it has risen by 13.44%. The bank's strong fundamentals, including a low Gross NPA ratio of 0.76% and a high Capital Adequacy Ratio of 16.72%, contribute to its positive outlook. Additionally, the stock has consistently delivered positive results for the last 15 quarters, with significant growth in net profit and a favorable PEG ratio of 0.5, indicating that it is undervalued relative to its earnings growth.
In the broader market context, Karur Vysya Bank's short-term return of 3.86% over the past week significantly outpaces the benchmark Sensex, which has only increased by 2.00% during the same period. This strong performance is further supported by rising investor participation, as evidenced by a 10.66% increase in delivery volume compared to the previous five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, the combination of robust financial metrics, consistent returns, and positive market sentiment has driven the stock's recent upward movement.