Why is Axis Bank falling/rising?

As of 22-Jul, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,098.05, reflecting a decrease of 3.15 points or 0.29%. The stock has underperformed its sector by 0.4% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 5.80%, and in the last month, it has seen a significant decline of 10.01%. Despite a strong long-term fundamental outlook, including a low Gross NPA ratio of 1.57% and an impressive 80.38% CAGR growth in net profits, the stock's recent performance has been hampered by a -14.64% return over the past year, indicating a struggle to maintain investor confidence.
In the broader market context, Axis Bank's short-term performance contrasts sharply with the Sensex, which has only declined by 0.47% over the past week. The stock's underperformance in the near term, coupled with high institutional holdings at 85.02%, suggests that while institutional investors may have confidence in the bank's fundamentals, retail investors are reacting negatively to the recent financial metrics, including the highest Gross NPA and low profit before tax figures. This combination of factors has contributed to the stock's downward movement, reflecting a cautious sentiment among investors despite the bank's strong long-term growth potential.