Why is South Ind.Bank falling/rising?

As of 16-Jul, South Indian Bank Ltd's stock price is rising, currently at 30.84, with a change of 0.21 (0.69%) upwards. The stock has shown strong performance, gaining 2.8% over the last three days and outperforming its sector by 0.74%. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's year-to-date return stands at an impressive 23.26%, significantly outperforming the Sensex, which has only increased by 5.75% during the same period. Positive factors contributing to this rise 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 PEG ratio of 0.3, indicating attractive valuation compared to peers.
Broader market context shows that while the Sensex has declined by 1.08% over the past week, South Indian Bank has increased by 1.95%, highlighting its resilience in a challenging market environment. The stock's performance is further supported by high institutional holdings at 22.39%, which have increased by 3.68% over the previous quarter, suggesting confidence from knowledgeable investors. Despite some risks, such as flat results in March 2025, the overall market-beating performance in both the long term and near term reinforces the stock's upward momentum.