Why is Kotak Mah. Bank falling/rising?

As of 23-Jun, Kotak Mahindra Bank Ltd's stock price is rising, currently at 2,184.90, reflecting an increase of 15.45 (0.71%). The stock has been gaining for the last three days, with a total return of 2.42% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has outperformed its sector by 1.14%. Despite a slight decline in delivery volume, the bank's strong long-term fundamentals, including a high Return on Assets (ROA) of 2.23% and a Capital Adequacy Ratio of 20.68%, support its positive performance. However, there are concerns regarding flat results in the last quarter and a high Price to Book Value ratio, which may indicate an expensive valuation compared to peers.
In the broader market context, Kotak Mahindra Bank's short-term performance has significantly outpaced the benchmark, with a 1-week return of 2.24% compared to the Sensex's 0.12%. Over the past month, the stock has risen by 4.00%, while the Sensex has only increased by 0.22%. This market-beating performance, alongside high institutional holdings at 61.79%, suggests strong investor confidence in the bank's fundamentals. Despite some risks related to recent profit declines and valuation concerns, the overall sentiment remains positive, contributing to the stock's upward movement.