Why is South Ind.Bank falling/rising?

As of 15-Jul, South Indian Bank Ltd's stock price is currently at 30.63, reflecting an increase of 0.42, or 1.39%. The stock has been performing well recently, having outperformed its sector by 1.05% today and achieving a consecutive gain over the last two days with a total return of 2.1%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 1.49%, while its year-to-date performance shows a significant increase of 22.42%. The bank's strong fundamentals, including a low Gross NPA ratio of 3.20% and a high Capital Adequacy Ratio of 15.28%, contribute positively to investor sentiment. Additionally, the stock's attractive valuation, with a Price to Book Value of 0.8 and a PEG ratio of 0.3, further supports its upward movement.
In the broader market context, while South Indian Bank has shown a positive return of 1.49% over the past week, the benchmark Sensex has declined by 1.36% during the same period. This indicates that the stock is not only performing well in isolation but is also gaining traction against a backdrop of a struggling market. Despite a slight decrease in delivery volume, the high institutional holdings at 22.39% suggest confidence from larger investors, which can bolster the stock's price. Overall, the combination of strong financial metrics, positive recent performance, and favorable comparisons to the benchmark contributes to the stock's rising trend.