Why is Axis Bank falling/rising?

As of 25-Jul, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,086.90, reflecting a decrease of 8.35 points or 0.76%. The stock has been losing value for the last two days, with a total drop of 1.65% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 21.53% compared to the 5-day average. Despite strong long-term fundamentals, including a low Gross NPA ratio of 1.57% and a robust CAGR growth in net profits of 80.38%, the stock has underperformed in the short term, generating a return of -7.53% over the past year.
In the broader market context, Axis Bank's short-term performance has lagged behind the benchmark, with a 1-week return of -1.11% compared to the Sensex's decline of only 0.36%. This underperformance is compounded by the stock's below-par performance in both the long term and near term, as it has also underperformed the BSE500 over the last three years, one year, and three months. The high institutional holdings at 85.02% suggest that these investors, who typically have better resources to analyze fundamentals, are still cautious about the stock's prospects, especially given the concerns regarding its non-operating income and overall profitability.