Why is South Ind.Bank falling/rising?

As of 10-Jun, South Indian Bank Ltd's stock price is rising, currently at 30.76, reflecting an increase of 0.32 or 1.05%. The stock has recently hit a new 52-week high of Rs.31.16 and has outperformed its sector by 1.41%. Over the past two days, it has gained 5.49%, and it is trading above all key moving averages, indicating a strong bullish trend. The stock has shown impressive returns over various periods, including a 26.38% increase over the last month and a staggering 328.16% over the past three years. Positive factors contributing to this upward movement include strong lending practices, a low Gross NPA ratio of 3.20%, and a high Capital Adequacy Ratio of 15.28%. Additionally, the stock's attractive valuation, high institutional holdings, and consistent performance over the years further bolster investor confidence.
In the broader market context, South Indian Bank's short-term performance has significantly outpaced the benchmark Sensex, which has increased by 2.05% over the past week compared to the bank's 4.41% rise. This trend of outperformance is consistent with the bank's strong fundamentals and positive technical indicators, which have attracted increased investor participation, as evidenced by a 181.34% rise in delivery volume. The stock's ability to maintain consistent returns and outperform the BSE 500 in recent years positions it favorably in the market, despite some risks such as flat results in March 2025. Overall, the combination of strong financial metrics and positive market sentiment is driving the stock's upward trajectory.