Why is Axis Bank falling/rising?

As of 29-Jul, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,065.50, which reflects a decrease of 7.85 points or 0.73%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 3.59% 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. The delivery volume has also decreased by 13.13% compared to the 5-day average, suggesting a drop in investor participation. Despite strong fundamentals, including a low Gross NPA ratio of 1.57% and significant long-term profit growth, the stock has generated a negative return of 8.98% over the past year, which may be contributing to the current selling pressure.
In the broader market context, Axis Bank's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.03% over the past week. This underperformance is compounded by the stock's negative returns over the past month, where it fell by 13.03% compared to the Sensex's decline of 3.24%. While the bank has high institutional holdings at 85.02%, indicating confidence from larger investors, the recent trends and declining participation may lead to further downward pressure on the stock. Overall, the combination of recent price movements, declining investor interest, and underperformance relative to the market suggests a challenging environment for Axis Bank's stock at this time.