Why is AU Small Finance falling/rising?

As of 01-Aug, AU Small Finance Bank Ltd's stock price is currently at 740.90, reflecting a decrease of 0.3 or 0.04%. The stock has been experiencing a consecutive decline over the last two days, resulting in a total drop of 0.73% during this period. Despite this recent downturn, the stock has outperformed its sector by 0.42% today. Over the past week, it has shown a positive return of 1.17%, while its performance over the last month has been negative at -11.39%. The company has strong long-term fundamentals, with a high Return on Assets (ROA) of 1.91% and a robust Capital Adequacy Ratio of 21.50%, which supports its growth potential. Additionally, the stock has seen rising investor participation, with a significant increase in delivery volume, indicating continued interest despite the recent price drop.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the last month. While AU Small Finance Bank has generated a return of 15.23% over the past year, the overall market has faced negative returns, highlighting the stock's relative strength. However, the stock's valuation appears expensive with a Price to Book Value of 3.2, which may contribute to the recent price decline. Despite the positive long-term outlook and strong institutional holdings, the combination of short-term price movements and valuation concerns may be influencing investor sentiment negatively at this time.