Why is Axis Bank falling/rising?

As of 07-Aug, Axis Bank Ltd. is experiencing a price increase, currently at 1,079.75, reflecting a rise of 9.05 or 0.85%. The stock has been gaining for the last four days, with a total return of 1.63% during this period. Although it has outperformed its sector by 0.67% today, it is important to note that the stock has seen a decline of 8.14% over the past month and a negative return of 5.40% over the last year. The stock's performance is supported by strong lending practices, a low Gross NPA ratio of 1.57%, and impressive long-term growth in net profits at an annual rate of 80.38%. However, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, Axis Bank's short-term performance has been favorable compared to the Sensex, which has declined by 0.69% over the past week. Despite the recent gains, the stock has underperformed the benchmark over longer periods, including a 3-year return of 48.27% compared to the Sensex's 38.08%. The high institutional holdings at 85.02% indicate strong confidence from larger investors, who typically have better resources to analyze the company's fundamentals. However, the stock's overall performance has been below par in the long term, raising concerns about its sustainability despite recent positive movements.