Why is Axis Bank falling/rising?

As of 14-Aug, Axis Bank Ltd. is currently priced at 1,067.50, reflecting a slight increase of 0.6 or 0.06%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed in the short term, with a 1-week return of -1.13% compared to a negligible decline of -0.03% in the Sensex. 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 return of -7.39% over the past year, which may contribute to investor caution.
In the broader market context, Axis Bank's recent performance contrasts with the benchmark, as it has underperformed the Sensex over various periods, including a -9.03% return over the past month compared to the benchmark's -2.01%. The stock's liquidity remains adequate for trading, but there is a noted decline in investor participation, with delivery volume falling by 0.49% against the 5-day average. High institutional holdings at 85.02% suggest that informed investors are backing the stock, yet the significant reliance on non-operating income, which constitutes 95.91% of profit before tax, raises concerns about its sustainability. Overall, while there are positive indicators, the stock's recent movements reflect a complex interplay of strong fundamentals and investor sentiment challenges.