Why is Kotak Mah. Bank falling/rising?

As of 24-Jun, Kotak Mahindra Bank Ltd's stock price is rising, currently at Rs 2,216.70, reflecting an increase of 31.8 points or 1.46%. The stock has been performing well, gaining 3.91% over the last four days and is currently trading close to its 52-week high, just 3.83% away from Rs 2,301.55. It has outperformed its sector by 0.78% today and is trading above all key moving averages, indicating strong momentum. However, there is a notable decline in investor participation, with delivery volume falling by 49.18% compared to the five-day average. The bank's strong long-term fundamentals, including a high capital adequacy ratio of 20.68% and a solid return on assets of 2.23%, support its upward price movement, despite some concerns about flat quarterly results and a high price-to-book ratio compared to peers.
In the broader market context, Kotak Mahindra Bank has outperformed the benchmark Sensex, which has only increased by 0.58% over the past week, while the bank's stock has risen by 3.78%. Over the past month, the bank's stock has also shown a stronger performance, gaining 5.51% compared to the Sensex's 0.41%. This market-beating performance, along with increased institutional holdings, suggests a positive outlook among informed investors, further contributing to the stock's rise. However, the stock's valuation remains a concern, as its profits have not kept pace with its price appreciation, indicating potential risks ahead.