Why is Union Bank (I) falling/rising?

As of 04-Aug, Union Bank of India is experiencing a price increase, currently at 129.05, reflecting a change of 0.95 or 0.74% upward. Today's price summary indicates that the stock is performing in line with its sector, although it is higher than the 200-day moving averages but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. The stock has seen a decline in investor participation, with delivery volume dropping by 35.87% against the 5-day average. Despite this, the company boasts a high dividend yield of 3.67% and strong fundamentals, including a significant growth in net profits and a low gross NPA ratio. The recent increase in institutional investor participation, with a 0.89% rise in stake, suggests a positive outlook from more knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Union Bank's short-term performance over the past week shows a decline of 3.26%, while the benchmark Sensex has increased by 0.16%. This indicates that the stock is underperforming relative to the market in the short term. However, over the longer term, Union Bank has demonstrated strong growth with a year-to-date return of 7.23%, outperforming the Sensex's 3.69%. The company's solid fundamentals, including a robust provision coverage ratio and consistent profit growth, contribute to its attractiveness, despite recent fluctuations in price and investor participation.