Why is Karur Vysya Bank falling/rising?

As of 15-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, with its current price at Rs 271.80, reflecting a change of 2.8 (1.04%) upwards. The stock has shown a positive trend today, having outperformed its sector by 0.7% and is close to its 52-week high, just 2.12% away from Rs 277.55. After three consecutive days of decline, the stock has reversed its trend, reaching an intraday high of Rs 275. Additionally, it is trading above all significant moving averages, indicating strong momentum. Over the past month, the stock has gained 9.66%, significantly outperforming the Sensex, which rose only 1.79%. The bank's strong fundamentals, including a low Gross NPA ratio of 0.76% and a high Capital Adequacy Ratio of 16.72%, contribute positively to investor sentiment, alongside consistent profit growth and positive quarterly results.
In the broader market context, while Karur Vysya Bank has shown a slight decline of 0.17% over the past week, its year-to-date return of 25.80% significantly surpasses the Sensex's 5.67% increase, highlighting its strong performance relative to the market. The stock's high institutional holdings at 54.01% suggest confidence from more informed investors, which may bolster its price. However, there are concerns regarding its valuation, as it trades at a premium compared to peers, with a Price to Book Value of 1.8. Despite these risks, the overall positive sentiment driven by strong lending practices and consistent returns over the last three years appears to outweigh the negatives, supporting the stock's upward movement.