Why is Axis Bank falling/rising?

As of 05-Aug, Axis Bank Ltd. is currently priced at 1,070.55, reflecting a slight increase of 2.1 (0.2%). The stock has shown a positive performance today, outperforming its sector by 0.55% and has been gaining for the last two days, with a total return of 0.77% during this period. However, it has experienced a decline of 8.98% over the past month and a 5.55% drop over the last year. The stock's current price is above its 5-day moving averages but below its longer-term moving averages. Despite a strong lending practice indicated by a low Gross NPA ratio of 1.57% and a significant growth in net profits, the stock faces challenges such as falling investor participation and below-par performance in the long term.
In the broader market context, Axis Bank's short-term return of +0.47% over the past week contrasts with a decline of 0.77% in the Sensex, indicating relative strength against the benchmark. However, the stock has underperformed the BSE500 over the last three years, one year, and three months, which raises concerns among investors. The high institutional holdings at 85.02% suggest confidence from larger investors, but the stock's negative performance metrics, including a high Gross NPA and reliance on non-operating income, may deter retail investors. Overall, while there are positive factors supporting the stock's recent rise, the broader context reflects significant challenges that could impact its future performance.