Why is Union Bank (I) falling/rising?

As of 18-Sep, Union Bank of India is currently priced at 136.50, reflecting a decrease of 0.45 or 0.33%. The stock's performance today is in line with its sector, and it is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it is below the 100-day moving average. Notably, the stock has shown a 1-week return of 2.17%, outperforming the Sensex, which returned 1.80%. The stock has also demonstrated strong long-term growth, with a 132.49% CAGR in net profits and a high dividend yield of 3.42%. Additionally, institutional investor participation has increased, indicating confidence in the company's fundamentals.
In the broader market context, while the BSE500 has experienced negative returns of -1.96% over the past year, Union Bank has managed to generate a return of 11.07%, showcasing its resilience. This performance is supported by strong provisioning practices and a very attractive valuation compared to its peers. The stock's ability to maintain a high dividend yield and the increasing stake of institutional investors further bolster its appeal, despite the recent price decline. Overall, the stock's fundamentals remain strong, which may contribute to its potential recovery in the future.