Why is Karur Vysya Bank falling/rising?

As of 08-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, with its current price at 272.25, reflecting a rise of 2.1 (0.78%). The stock is trading close to its 52-week high, just 1.95% away from Rs 277.55, and is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has shown a significant return of 14.70%, outpacing the Sensex's modest gain of 1.85%. The bank's strong fundamentals, including a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent net profit growth of 52.55% annually, contribute positively to investor sentiment. Additionally, the stock has demonstrated consistent performance, generating a return of 35.55% over the past year, which further supports its upward movement.
In the broader market context, while the stock has underperformed the Sensex by 0.75% over the past week, its impressive long-term returns, including a staggering 499.01% increase over the last three years, highlight its resilience and attractiveness to investors. However, there are concerns regarding falling investor participation, as evidenced by a 17.94% decline in delivery volume compared to the 5-day average. The stock's valuation is considered expensive, with a Price to Book Value of 1.8, which may deter some investors despite its strong performance metrics. Overall, the combination of solid financial health and long-term growth prospects continues to drive interest in Karur Vysya Bank, supporting its rising stock price.