Why is Axis Bank falling/rising?

As of 30-Jul, Axis Bank Ltd. is experiencing a price increase, with its current price at 1,072.20, reflecting a rise of 6.7 points or 0.63%. Today's price summary indicates that the stock has outperformed its sector by 0.57% and has shown a trend reversal after four consecutive days of decline. However, Axis Bank is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a negative return of -10.61% over the past month and -8.35% over the past year, the company has demonstrated strong long-term fundamentals, including a low Gross NPA ratio of 1.57% and an impressive 80.38% CAGR growth in net profits, which may contribute to the recent uptick in price.
In the broader market context, Axis Bank's short-term performance has been relatively weak compared to the benchmark Sensex, which has declined by only 1.50% over the past week. The stock's recent rise may be attributed to increased investor participation, as evidenced by a significant rise in delivery volume, indicating renewed interest. However, the stock has underperformed the BSE500 over the last three years and has a high institutional holding of 85.02%, suggesting that institutional investors are optimistic about its long-term potential despite recent challenges. Overall, while the stock is currently rising, it faces ongoing scrutiny due to its recent performance and the high percentage of non-operating income relative to profit before tax.