Why is Pun. & Sind Bank falling/rising?

As of 16-Jul, Punjab & Sind Bank's stock price is rising, currently at 32.81, with a change of 0.73, reflecting a 2.28% increase. The stock has outperformed its sector by 0.39% today and has shown a consecutive gain over the last three days, resulting in a total return of 4.13% during this period. Additionally, the stock has demonstrated strong long-term fundamental strength, with a compound annual growth rate (CAGR) of 24.78% in net profits and a significant increase in operating profit of 68.68%. The positive results over the last four consecutive quarters, along with a gross non-performing asset (NPA) ratio at its lowest and a high net interest income, have contributed to the stock's upward movement. However, it is important to note that the stock has underperformed over the past year, with a return of -48.57%, despite profits rising by 70.6%.
In the broader market context, the stock's short-term return of +1.83% over the past week contrasts with the Sensex, which has decreased by 1.08% during the same period. This indicates that Punjab & Sind Bank is gaining traction relative to the overall market. Furthermore, the increasing participation of institutional investors, who have raised their stake by 4.4%, suggests a growing confidence in the company's fundamentals, which may be influencing the stock's positive performance. Despite its recent gains, the stock's long-term performance remains a concern, as it has significantly lagged behind the market over the past year.