Why is Yes Bank falling/rising?

As of 09-Oct, Yes Bank Ltd. is experiencing a price increase, currently trading at 22.42, which reflects a rise of 0.38 or 1.72%. The stock has shown strong performance recently, with a 1-week return of 3.03% and a 1-month return of 10.17%, significantly outperforming the Sensex, which has returned 1.47% and 1.32% over the same periods, respectively. Today, the stock is close to its 52-week high, just 4.37% away from Rs 23.4, and is trading above all its moving averages, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 27.41% compared to the 5-day average. The company has demonstrated strong long-term fundamentals, with a 16.20% CAGR growth in net profits and positive results for the last seven consecutive quarters, including record PAT and NII figures.
In the broader market context, Yes Bank's recent performance has been notably strong compared to the benchmark, as it has outperformed the Sensex in both the short and medium term. The stock's positive trajectory is supported by high institutional holdings at 65.22%, indicating confidence from knowledgeable investors. Despite a slight drop in trading volume, the stock remains liquid enough for substantial trades. The company's fair valuation, trading at a discount compared to peers, along with a low PEG ratio of 0.3, further enhances its attractiveness to investors, contributing to the stock's upward movement.