Why is Karur Vysya Bank falling/rising?

As of 22-Jul, Karur Vysya Bank Ltd. is experiencing a price increase, currently at 271.20, reflecting a rise of 1.25 (0.46%). The stock has outperformed its sector by 0.31% today and has been on a consecutive gain for the last two days. It is trading close to its 52-week high, just 2.34% away from Rs 277.55. The stock has shown strong performance over the past month with a return of +9.58% and has significantly outperformed the benchmark Sensex, which has declined by 0.27% during the same period. Key positive factors contributing to this rise include strong lending practices, a low Gross NPA ratio of 0.76%, and a high Capital Adequacy Ratio of 16.72%. Additionally, the bank has reported positive results for the last 15 consecutive quarters, with substantial growth in net profit and high institutional holdings, which have increased by 0.75% over the previous quarter.
In the broader market context, while Karur Vysya Bank has shown a short-term return of -0.22% over the past week, the benchmark Sensex has declined by a slightly higher rate of -0.47%. This indicates that the stock is relatively resilient compared to the broader market. The stock's strong performance over the last year, with a return of +28.53% compared to the Sensex's +2.09%, further highlights its robust position. However, it is important to note that the stock is trading at a premium valuation compared to its peers, which could pose risks if market conditions change. Overall, the combination of solid fundamentals and positive investor sentiment appears to be driving the stock's recent upward movement.