Why is Union Bank (I) falling/rising?

As of 06-Aug, Union Bank of India is experiencing a price increase, with its current price at Rs 131.05, reflecting a rise of Rs 3.05 or 2.38%. Today's performance indicates that the stock has outperformed its sector by 1.99%, reaching an intraday high of Rs 131.6. The stock is currently trading above its 5-day and 200-day moving averages, although it is below its 20-day, 50-day, and 100-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 48.91% compared to the 5-day average. The stock has shown strong long-term fundamentals, including a 132.49% CAGR growth in net profits and a high dividend yield of 3.68%, which contribute positively to its recent price movement.
In the broader market context, Union Bank's short-term return over the past week is +0.27%, while the benchmark Sensex has declined by 1.15%, indicating that the stock is performing well relative to the market. Over the past month, however, the stock has seen a decline of 14.37%, contrasting with a smaller drop of 3.46% in the Sensex. Despite this recent volatility, the stock has consistently generated returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The increased participation from institutional investors, who now hold 19.64% of the company, further supports the stock's positive outlook, as these investors typically possess greater analytical resources compared to retail investors.