Why is Axis Bank falling/rising?

As of 02-Sep, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,055.70, which reflects a decrease of 5.7 points or 0.54%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.02% compared to the 5-day average. 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 underperformed with a return of -11.18% over the past year. The high institutional holdings at 85.02% suggest that these investors may have concerns about the stock's recent performance, particularly given the low profit before tax figures and the high non-operating income ratio.
In the broader market context, Axis Bank's short-term performance shows a slight gain of 0.53% over the past week, contrasting with a decline of 0.78% in the Sensex, indicating that the stock has been relatively resilient compared to the benchmark. However, the stock's year-to-date performance is down by 1.19%, while the Sensex has gained 2.58%, highlighting a lag in performance against the broader market. This underperformance, coupled with the negative factors such as below-par performance in both the long and near term, suggests that investors may be cautious about the stock's future prospects, contributing to its current decline.