Why is Karur Vysya Bank falling/rising?

As of 21-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, currently at Rs 269.95, reflecting a rise of 2.1 (0.78%). The stock has shown a positive trend today, having opened with a gain of 2.24% and reached an intraday high of Rs 276.15, which is 3.1% above its previous close. Despite underperforming its sector by 1.05% today, the stock has demonstrated strong performance over the past month with a return of 9.07%, and it has significantly outperformed the benchmark Sensex over various periods, including a year-to-date return of 24.95% compared to the Sensex's 5.20%. 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 results over the last 15 quarters.
In the broader market context, while the stock has shown resilience and strong returns compared to the benchmark, it is important to note that it has faced a decline in investor participation, with delivery volume dropping by 43.97% against the 5-day average. This could indicate a potential concern for future trading activity. Despite this, the stock remains liquid enough for significant trades, and high institutional holdings at 54.01% suggest confidence from more sophisticated investors. Overall, while the stock is rising today, the mixed signals from recent trading volumes and sector performance may warrant caution for some investors.