Why is Yes Bank falling/rising?

As of 11-Sep, Yes Bank Ltd. is experiencing a price increase, currently at 20.99, reflecting a change of 0.21 or 1.01% upward. The stock has shown strong performance recently, outperforming its sector by 0.81% today and achieving a consecutive gain over the last three days with a total return of 4.01%. Additionally, Yes Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The stock's performance over the past week and month has been robust, with returns of 3.50% and 11.83%, respectively, despite a year-to-date return of 7.09%. The company has also reported strong fundamentals, including a significant increase in net profits and a low gross NPA ratio, which contribute to investor confidence.
In the broader market context, Yes Bank's recent performance has outpaced the Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. This indicates that the stock is gaining traction relative to the overall market. The high institutional holdings at 65.22% suggest that knowledgeable investors are backing the stock, further supporting its upward movement. The company's consistent positive results over the last seven quarters, alongside a favorable PEG ratio of 0.3, reinforce its potential for growth, making it an attractive option for investors despite its negative return over the past year.