Why is Union Bank (I) falling/rising?

As of 12-Aug, Union Bank of India is experiencing a price increase, currently at 135.55, reflecting a rise of 0.75 or 0.56%. The stock has shown strong performance recently, outperforming its sector by 0.74% today and achieving a consecutive gain over the last two days with a total return of 3.55%. Despite a decline in delivery volume by 19.51% against the 5-day average, the stock remains liquid enough for trading. The long-term fundamentals are robust, with a significant 132.49% CAGR growth in net profits and a high dividend yield of 3.49%. Additionally, institutional investors have increased their stake, indicating confidence in the company's prospects.
In the broader market context, Union Bank's short-term return of +5.90% over the past week contrasts sharply with the Sensex, which has declined by 0.59%. This performance highlights the stock's resilience and attractiveness compared to the overall market. The bank's strong provisioning practices and attractive valuation metrics, such as a low Price to Book Value ratio and a PEG ratio of 0.2, further support its positive movement. Overall, Union Bank's recent gains can be attributed to its strong fundamentals, increased institutional interest, and a favorable comparison to the benchmark index.