Why is Karur Vysya Bank falling/rising?

As of 01-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, currently at 274.30, which reflects a rise of 6.65 or 2.48%. The stock has recently hit a new 52-week high of Rs. 277.55 and has been on a gaining streak for the last four days, accumulating a total return of 11.03% during this period. The bank's performance has significantly outpaced its sector by 2.42%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the bank has demonstrated robust financial health, with a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent profit growth, which has contributed to positive investor sentiment and rising participation.
In the broader market context, Karur Vysya Bank's short-term return of 10.43% over the past week significantly exceeds the Sensex's return of 2.00%, showcasing its strong performance relative to the benchmark. The stock has also outperformed the BSE500 over the last three years, further solidifying its position among top performers. While there are concerns regarding its valuation, as indicated by a Price to Book Value of 1.9 and a relatively high PEG ratio of 0.6, the overall positive financial indicators and institutional support suggest a favorable outlook for the stock, contributing to its recent price rise.