Why is Axis Bank falling/rising?

As of 08-Aug, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,057.35, which reflects a decrease of 22.4 points or 2.07%. The stock has underperformed its sector today by 1.04% and has fallen after four consecutive days of gains. It touched an intraday low of Rs 1053.8, indicating a downward trend. Additionally, Axis Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased by 30.39% compared to the 5-day average, suggesting a decline in investor participation. Despite a strong long-term fundamental strength characterized by an 80.38% CAGR growth in net profits and a low Gross NPA ratio of 1.57%, the stock has generated a negative return of -7.06% over the past year, which may contribute to the current price movement.
In the broader market context, Axis Bank's short-term performance shows a decline of 0.49% over the past week, while the Sensex has decreased by 0.92%, indicating that the stock is performing slightly better than the benchmark in this timeframe. However, the stock's long-term performance has been below par, underperforming the BSE500 over the last three years, one year, and three months. The high institutional holdings at 85.02% suggest that these investors, who typically have better resources for analyzing company fundamentals, may be cautious given the recent negative trends. The combination of falling investor participation, underperformance relative to benchmarks, and concerns regarding profitability metrics such as the high percentage of non-operating income relative to profit before tax may be contributing to the stock's current decline.