Why is Axis Bank falling/rising?

As of 31-Jul, Axis Bank Ltd. is currently priced at 1,068.55, reflecting a decrease of 3.65, or 0.34%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 26.59% compared to the 5-day average. Over the past week, the stock has underperformed with a return of -2.44%, and it has also seen a significant decline of 8.94% over the past month. Despite strong long-term fundamentals, including a low Gross NPA ratio of 1.57% and a robust 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, leading to a negative sentiment among investors.
In the broader market context, Axis Bank's performance has lagged behind the benchmark Sensex, which has declined by only 1.22% over the past week, while Axis Bank has dropped by 2.44%. The stock's year-to-date return is nearly flat at +0.01%, contrasting sharply with the Sensex's gain of +3.90%. This underperformance is further highlighted by the stock's negative returns over the past year (-8.44%) and its inability to keep pace with the BSE500 index. The high institutional holdings at 85.02% suggest that while there is confidence in the company's fundamentals, the recent financial metrics have raised concerns, contributing to the stock's downward movement.