Why is Kotak Mah. Bank falling/rising?

As of 26-Jun, Kotak Mahindra Bank Ltd's stock price is rising, currently at Rs 2,208.65, reflecting an increase of 10.6 points or 0.48%. The stock has shown strong performance over various periods, with a 1-week return of 3.21% and a year-to-date return of 23.64%, significantly outperforming the benchmark Sensex, which has returned 7.19% in the same timeframe. Today, the stock is trading above all its moving averages, indicating a positive trend, although it has underperformed its sector by 0.85%. The bank's strong fundamentals, including a high Capital Adequacy Ratio of 20.68% and a solid Return on Assets (ROA) of 2.23%, support its rising price, despite some concerns regarding flat quarterly results and a high Price to Book Value ratio.
Broader Market Context: The stock's recent performance has been favorable compared to the broader market, as evidenced by its 1-year return of 22.90% against the BSE 500's 4.11%. This strong performance is bolstered by high institutional holdings, which have increased by 0.52% over the previous quarter, suggesting confidence from sophisticated investors. However, the stock's valuation is considered expensive, and while it has shown resilience, the recent flat results in profit may pose risks to its continued upward momentum. Overall, the combination of strong institutional support and positive long-term fundamentals contributes to the stock's rising price, despite some cautionary signals.