Why is Axis Bank falling/rising?

As of 06-Aug, Axis Bank Ltd. is currently priced at 1,071.50, reflecting a slight increase of 0.95, or 0.09%. The stock has been gaining for the last three days, with a total return of 0.86% during this period. However, it has experienced a decline of 8.90% over the past month and a 4.90% drop over the last year, indicating a mixed performance in the longer term. While the stock is currently trading above its 5-day moving average, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by nearly 50% compared to the 5-day average. Despite these challenges, the bank has strong lending practices, a low Gross NPA ratio of 1.57%, and impressive long-term growth in net profits, which have grown at an annual rate of 80.38%.
In the broader market context, Axis Bank's recent performance is relatively stable compared to the benchmark Sensex, which has declined by 1.15% over the past week. Although the stock has shown resilience in the short term, its long-term performance has been below par, underperforming the BSE500 over various time frames. The high institutional holdings at 85.02% suggest that knowledgeable investors are backing the stock, but the concerns regarding its Gross NPA and reliance on non-operating income could weigh on its future performance. Overall, while there are positive factors supporting the stock, the recent declines in delivery volume and overall returns indicate a cautious sentiment among investors.