Why is Axis Bank falling/rising?

As of 28-Jul, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,073.35, reflecting a decrease of 13.55 points or 1.25%. The stock has underperformed its sector by 0.5% today and has been on a downward trend for the last three days, accumulating a total decline of 2.88% during this period. Additionally, Axis Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite having strong lending practices and a low Gross NPA ratio of 1.57%, the stock's performance has been lackluster, with a year-to-date return of only 0.46% and a one-year return of -8.85%, suggesting that the market is not fully valuing its long-term growth potential.
In the broader market context, Axis Bank's short-term performance has been weaker than the benchmark Sensex, which has declined by 1.59% over the same week. The stock's recent struggles are compounded by a significant drop in investor participation, with delivery volumes falling by 18.33% against the 5-day average. While the bank has high institutional holdings at 85.02%, indicating confidence from larger investors, the stock's negative performance over the past year and its underperformance relative to the BSE500 index in various time frames raise concerns about its near-term outlook. Overall, these factors contribute to a cautious sentiment surrounding Axis Bank's stock price movement.