Why is South Ind.Bank falling/rising?

As of 10-Oct, South Indian Bank Ltd's stock price is currently at Rs. 34.26, reflecting an increase of 3.15, or 10.13%. The stock has recently hit a new 52-week high of Rs. 34.43 and has outperformed its sector by 9.49%. Over the past two days, it has gained 11.02%, and its performance over the last week shows a remarkable increase of 15.08%. The stock is trading above all its moving averages, indicating strong upward momentum. Additionally, the bank's solid fundamentals, such as a high Capital Adequacy Ratio of 16.12% and a strong Provision Coverage Ratio of 60.94%, contribute positively to investor confidence. The stock's attractive valuation, with a Price to Book Value of 0.9 and a PEG ratio of 0.5, further supports its recent price movement.
In the broader market context, South Indian Bank's performance has significantly outpaced the Sensex, which has only increased by 1.59% over the past week. The bank's year-to-date return of 36.93% and a one-year return of 45.11% also highlight its strong market position compared to the benchmark's 5.58% increase. However, there is a noted decline in investor participation, with delivery volume falling by 19.22% against the five-day average, which could indicate a potential concern for future price stability. Despite this, the high institutional holdings at 28.68% suggest that knowledgeable investors continue to support the stock, reinforcing its positive outlook in both the short and long term.