Why is Kotak Mah. Bank falling/rising?

As of 09-Jul, Kotak Mahindra Bank Ltd is experiencing a slight increase in its stock price, currently at Rs 2,228.35, reflecting a change of 3.85 (0.17%) upward. The stock has been gaining for the last four days, with a total return of 4.8% during this period. It is currently trading close to its 52-week high, just 3.28% away from Rs 2,301.55. The stock is performing well compared to its moving averages, trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 77.65% against the 5-day average. The bank's strong long-term fundamentals, including a high Capital Adequacy Ratio of 20.68% and a solid Return on Assets (ROA) of 2.27%, contribute positively to its recent performance, despite some concerns regarding flat quarterly results.
In the broader market context, Kotak Mahindra Bank's performance over the past week shows a return of 3.01%, significantly outperforming the Sensex, which only increased by 0.15%. Over the last month, the bank's stock has risen by 4.20%, again surpassing the Sensex's 1.32% gain. However, it is important to note that while the stock has shown strong performance in the short term and has high institutional holdings, there are risks associated with its valuation, as it trades at a premium compared to its peers. The recent decline in profits, as indicated by the flat results in March, raises concerns about sustainability, but the overall market-beating performance and strong institutional backing provide a positive outlook for the stock's movement.