Why is Union Bank (I) falling/rising?

As of 31-Jul, Union Bank of India is experiencing a slight increase in its stock price, currently at 131.00, with a change of 0.3 (0.23%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.05% and has shown a trend reversal after four consecutive days of decline. However, the stock's performance over the past week and month has been negative, with declines of 9.66% and 15.29%, respectively. Despite these short-term challenges, the bank has demonstrated strong long-term fundamentals, including a significant growth in net profits and a high dividend yield of 3.6%. The recent increase in institutional investor participation, which has risen by 0.89%, also reflects growing confidence in the company's prospects.
In the broader market context, Union Bank's recent performance contrasts with the Sensex, which has only declined by 1.22% over the past week and 3.00% over the past month. This suggests that while the bank's stock is currently rising, it has underperformed the benchmark in the short term. However, the company's strong provisioning practices, healthy growth in net interest income, and positive results over the last four quarters contribute to its attractiveness as an investment. The stock's valuation remains appealing compared to its peers, which may support its recovery and future performance despite recent volatility.