Why is Axis Bank falling/rising?

As of 24-Jul, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,095.25, reflecting a decrease of 9.9 points or 0.9%. The stock has underperformed its sector by 0.35% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.14% compared to the 5-day average. Over the past week, the stock has decreased by 5.57%, and it has shown a negative return of 10.29% over the past month, while its performance over the past year is down by 11.66%. Despite strong long-term fundamentals, 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 hindered by a high Gross NPA and low profit before tax figures.
In the broader market context, Axis Bank's recent performance contrasts with the Sensex, which has only declined by 0.09% over the past week. The stock's year-to-date return of 2.51% is notably lower than the Sensex's 5.18%, indicating a lag in performance relative to the market. The stock's underperformance over the last year and its negative returns in the near term suggest a lack of investor confidence, despite high institutional holdings at 85.02%. This indicates that while institutional investors may recognize the long-term potential of Axis Bank, the current market sentiment is influenced by recent financial metrics that raise concerns about its near-term viability.