Why is RBL Bank falling/rising?

As of 16-Oct, RBL Bank Ltd's stock price is rising, currently at 306.45, reflecting an increase of 6.95 or 2.32%. The stock has recently hit a new 52-week high of Rs. 307.9 and has been gaining for the last three days, with a total return of 5.62% during this period. Additionally, RBL Bank has outperformed its sector by 0.76% today. The stock's performance over various periods shows significant gains, including a 14.58% increase over the past month and an impressive 93.96% year-to-date return. The high institutional holdings at 52.32%, which have increased by 16.69% over the previous quarter, suggest strong confidence from larger investors, further supporting the stock's upward movement despite recent negative financial results.
In the broader market context, RBL Bank's short-term return of 6.57% over the past week significantly outpaces the Sensex's return of 1.58%, indicating strong relative performance. While the stock has shown remarkable gains in the near term and long term, it is important to note that it has faced challenges, including negative financial results in recent quarters and a high valuation compared to peers. Despite these concerns, the stock's liquidity and rising investor participation, evidenced by a 32.22% increase in delivery volume, contribute positively to its current price momentum.