Why is Axis Bank falling/rising?

As of 01-Aug, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,062.60, which reflects a decrease of 5.95 or 0.56%. The stock has been losing value for the last two days, with a total drop of 0.9% 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 43.37% compared to the 5-day average. Over the past week, the stock has underperformed with a return of -2.24%, and it has also shown a negative return of -9.35% over the past year, despite a 4.2% increase in profits during the same period.
In the broader market context, Axis Bank's performance has been weaker than the benchmark Sensex, which has only declined by 1.06% over the past week. The stock's long-term fundamentals appear strong, with a low Gross NPA ratio of 1.57% and an impressive CAGR growth in net profits of 80.38%. However, concerns regarding its recent performance, including a high reliance on non-operating income and below-par returns compared to the BSE500, have contributed to the stock's downward movement. The high institutional holdings at 85.02% suggest that these investors are closely monitoring the fundamentals, which may influence market sentiment negatively given the stock's recent struggles.