Why is South Ind.Bank falling/rising?

As of 01-Jul, South Indian Bank Ltd's stock price is rising, currently at 31.57, reflecting an increase of 0.77 or 2.5%. The stock has recently hit a new 52-week high of Rs.31.65 and has outperformed its sector by 2.44%. Over the past three days, it has gained 5.34%, and it is trading above all key moving averages, indicating strong momentum. The stock has shown impressive returns, with a 26.18% increase year-to-date and a remarkable 352.15% rise over the last 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 bank's net profit has grown at an annual rate of 65.61%, and it has a favorable Price to Book Value ratio of 0.8, making it attractive compared to peers.
In the broader market context, South Indian Bank's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 2.00% over the past week. The stock's strong institutional holdings at 22.39% also reflect confidence from knowledgeable investors, further supporting its price increase. While there are some risks, such as flat results in March 2025, the overall positive sentiment and consistent returns over the past three years have bolstered investor confidence, contributing to the stock's rising price.