Why is Union Bank (I) falling/rising?

As of 05-Sep, Union Bank of India is experiencing a price increase, currently at 127.30, reflecting a change of 0.5 (0.39%) upward. The stock has outperformed its sector by 0.31% today, although it is trading higher than its 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 8.05% against the 5-day average, the stock maintains a high dividend yield of 3.7%. Over the past week, Union Bank has shown a return of +1.96%, which is significantly better than the Sensex's +1.13%. The stock has also demonstrated strong long-term fundamentals, with a 132.49% CAGR growth in net profits and a very attractive valuation with a Price to Book Value of 0.8.
In the broader market context, Union Bank's recent performance is notable as it has outpaced the benchmark index in the short term, indicating positive investor sentiment. The increase in institutional investor participation, with a 0.89% rise in their stake, suggests confidence in the company's fundamentals, which may contribute to the stock's upward movement. Furthermore, the stock's ability to generate a return of 3.54% over the past year, alongside a significant profit increase of 30.8%, reinforces its attractiveness compared to peers. Overall, the combination of strong financial metrics, institutional interest, and a favorable dividend yield supports the stock's rising price.