Why is Axis Bank falling/rising?

As of 21-Aug, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,077.80, reflecting a decrease of 2.05 points or 0.19%. The stock has underperformed its sector by 0.5% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.5% in that period. In terms of returns, the stock has shown a mixed performance: it has gained 0.96% over the past week but has lost 2.12% over the last month and 8.30% over the past year. While the stock has a strong long-term growth potential with an 80.38% CAGR in net profits, it is currently facing challenges, including a high Gross NPA ratio of 1.57% and below-par performance in both the long and near term.
In the broader market context, the Sensex has risen by 1.74% over the past week, indicating that Axis Bank's short-term performance is lagging behind the benchmark. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 49.08% against the 5-day average suggests a decrease in investor participation. Despite high institutional holdings at 85.02%, which typically indicate confidence in the stock's fundamentals, the recent negative factors, such as the lowest PBT and high reliance on non-operating income, contribute to a bearish sentiment around the stock. Overall, while Axis Bank has strong long-term fundamentals, its recent performance and market conditions are leading to a decline in its stock price.