Why is Axis Bank falling/rising?

As of 29-Aug, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,045.55, reflecting a decrease of 9.45 points or 0.9%. The stock has underperformed its sector today by 0.67%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -2.32%, and it has also underperformed the benchmark Sensex, which has declined by 1.84% during the same period. Despite a strong long-term fundamental strength indicated by an 80.38% CAGR growth in net profits and a low gross NPA ratio of 1.57%, the stock's recent performance has been hindered by a significant reliance on non-operating income, which constitutes 95.91% of profit before tax.
In the broader market context, Axis Bank's short-term performance has been weaker than the benchmark, as it has generated a return of -2.32% over the past week compared to the Sensex's -1.84%. The stock's long-term performance has also been below par, with a return of -11.04% over the past year, while the Sensex has only declined by 2.83% in the same timeframe. High institutional holdings at 85.02% suggest that these investors have the resources to analyze the fundamentals, yet the stock's recent underperformance indicates a lack of confidence in its near-term prospects, compounded by the highest gross NPA ratio and lower profit before tax figures.