Why is RBL Bank falling/rising?

As of 08-Oct, RBL Bank Ltd's stock price is rising, currently at Rs 286.25, reflecting an increase of Rs 12.7 or 4.64%. The stock has recently hit a new 52-week high of Rs 290.55 and has outperformed its sector by 5% today. Over the past week, the stock has gained 4.00%, and year-to-date, it has surged by 81.17%. Despite a decline in investor participation, with delivery volume dropping by 52.75% against the 5-day average, the stock remains liquid enough for trading. High institutional holdings at 52.32%, which have increased by 16.69% over the previous quarter, suggest strong confidence from knowledgeable investors, contributing positively to the stock's recent upward movement.
In the broader market context, RBL Bank's performance has significantly outpaced the benchmark Sensex, which has only increased by 0.98% over the past week and 4.65% year-to-date. The stock's strong long-term performance, generating 46.27% returns over the last year and 133.48% over the last three years, further highlights its resilience compared to the broader market. However, it is important to note that the company has faced challenges, including negative results in recent quarters and a decline in profits, which could impact future performance. Despite these negatives, the current upward trend in stock price indicates a prevailing optimism among investors.