Why is Axis Bank falling/rising?

As of 04-Aug, Axis Bank Ltd. is currently priced at 1,069.20, reflecting an increase of 6.8 (0.64%). The stock has shown a trend reversal today, gaining after two consecutive days of decline, and has outperformed its sector by 1.02%. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the positive movement today, the stock has underperformed over the past week and month, with returns of -0.39% and -9.10%, respectively. The company has strong lending practices and a low Gross NPA ratio of 1.57%, alongside a healthy long-term growth rate in net profits, which has grown at an annual rate of 80.38%. However, the stock's performance over the past year has been disappointing, generating a return of -7.91%, which may contribute to investor caution.
In the broader market context, Axis Bank's short-term performance has lagged behind the benchmark Sensex, which has gained 0.16% over the past week. The stock's recent increase may be attributed to a temporary recovery after a period of decline, but its overall trend remains concerning given the significant underperformance compared to the benchmark over longer periods. Additionally, the falling investor participation, as indicated by a 29.26% drop in delivery volume, suggests a lack of confidence among retail investors. While high institutional holdings at 85.02% could provide some stability, the stock's valuation remains a point of contention, trading at a discount compared to peers, which may not be enough to offset the negative sentiment stemming from its recent performance.