Why is Karur Vysya Bank falling/rising?

As of 09-Jul, Karur Vysya Bank Ltd. is experiencing a slight increase in its stock price, currently at Rs 272.30, reflecting a change of 0.05 (0.02%) upward. The stock has been gaining for the last two days, with a total return of 0.8% during this period. It is trading close to its 52-week high, just 1.93% away from Rs 277.55. The bank has demonstrated strong performance over the past month, with a return of 14.80%, significantly outperforming the Sensex's 1.32% increase. Positive factors contributing to this rise include strong lending practices evidenced by a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent net profit growth at an annual rate of 52.55%. Additionally, the bank has reported positive results for the last 15 consecutive quarters, which has likely bolstered investor confidence.
In the broader market context, while Karur Vysya Bank's short-term return of -0.20% over the past week is slightly underperforming compared to the Sensex's gain of 0.15%, its long-term performance remains robust, with a year-to-date return of 26.04% compared to the Sensex's 6.91%. The stock's liquidity is also favorable, with a delivery volume increase of 2.94% against the 5-day average. However, it is important to note that the stock is trading at a premium valuation, with a Price to Book Value of 1.8, which may pose risks if market conditions shift. Despite this, the high institutional holdings at 54.01% suggest strong confidence from knowledgeable investors, further supporting the stock's upward movement.