Why is Karur Vysya Bank falling/rising?

As of 23-Sep, Karur Vysya Bank Ltd. is experiencing a price increase, currently at 214.00, reflecting a rise of 1.15 (0.54%). Today's price summary indicates that the stock has outperformed its sector by 0.54% and has shown a trend reversal after two consecutive days of decline. The stock's performance over the past week has been positive at +1.01%, while it has delivered a remarkable +19.34% year-to-date return, significantly outperforming the Sensex, which has only gained +5.07% in the same period. The bank's strong fundamentals, including a low Gross NPA ratio of 0.66% and a high Capital Adequacy Ratio of 16.43%, contribute to its positive outlook. Additionally, the company has consistently reported positive results for the last 16 quarters, with a healthy annual net profit growth rate of 49.59%, which supports investor confidence.
Broader Market Context: In the short term, Karur Vysya Bank's performance has been favorable compared to the benchmark, as it has gained 1.01% over the past week while the Sensex has declined by 0.34%. This divergence highlights the stock's resilience amidst broader market challenges. Despite a recent decline in investor participation, with delivery volume falling by 39.04% against the five-day average, the stock remains liquid enough for trading, suggesting that institutional investors, who hold 54.89% of the stock, continue to support its valuation. The stock's consistent returns over the past three years, alongside a favorable PEG ratio of 0.6, further reinforce its attractiveness in the current market environment.