Why is Kotak Mah. Bank falling/rising?

As of 29-Aug, Kotak Mahindra Bank Ltd is experiencing a price increase, currently at 1,966.90, reflecting a rise of 20.8 or 1.07%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Despite trading lower than its moving averages over various periods, the stock outperformed its sector by 1.3% today. Additionally, the stock has demonstrated resilience with a year-to-date return of 10.11%, significantly outperforming the Sensex, which has only returned 2.14% over the same period. The bank's strong long-term fundamentals, including a robust Return on Assets (ROA) of 2.43% and a high Capital Adequacy Ratio of 21.44%, contribute positively to investor sentiment.
In the broader market context, Kotak Mahindra Bank's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex, which has seen a decline of 1.84% over the past week. The stock's ability to generate a positive return of 10.66% over the past year, while the market has faced negative returns of -2.83%, indicates strong market-beating performance. Furthermore, the increase in investor participation, with a notable rise in delivery volume, suggests growing confidence among investors, particularly institutional investors who hold a significant stake in the company.