Why is Axis Bank falling/rising?

As of 22-Aug, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,070.40, which reflects a decrease of 7.4 points or 0.69%. The stock has been underperforming recently, having fallen for three consecutive days with a total return of -1.19% during this period. Although it outperformed its sector by 0.38% today, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past year, the stock has generated a return of -8.50%, 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%. However, the recent operating profit and margin figures are at their lowest, contributing to the stock's negative sentiment.
In the broader market context, while Axis Bank's short-term performance has been lackluster, the benchmark Sensex has shown a positive return of 0.88% over the past week. This indicates that the stock is not only underperforming relative to the market but also compared to its peers, as it has lagged behind the BSE500 over the last three years, one year, and three months. The high institutional holdings at 85.02% suggest that these investors have confidence in the company's fundamentals, yet the recent operational challenges and below-par performance in both the near and long term are likely weighing heavily on investor sentiment, leading to the current decline in stock price.