Why is Karur Vysya Bank falling/rising?

As of 16-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, currently at Rs 273.90, reflecting a rise of 2.1 (0.77%). The stock has been gaining for the last two days, with a total return of 1.82% during this period. It is also close to its 52-week high, just 1.33% away from Rs 277.55. The stock has outperformed its sector by 0.82% today and is trading above all its moving averages, indicating strong momentum. The bank's strong fundamentals, including a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent positive results over the last 15 quarters, contribute to investor confidence. Additionally, the stock has shown impressive long-term growth, with a 35.56% return over the past year and a staggering 501.98% over the last three years, further bolstered by high institutional holdings.
In the broader market context, Karur Vysya Bank's short-term performance stands in contrast to the benchmark Sensex, which has declined by 1.08% over the past week while the bank's stock has risen by 0.59%. This divergence highlights the bank's relative strength in a challenging market environment. The increased investor participation, evidenced by an 83.98% rise in delivery volume, suggests growing confidence among investors, particularly institutional ones who hold a significant stake in the company. However, it is worth noting that the stock is trading at a premium compared to its peers, which could pose a risk if market conditions change.