Why is Axis Bank falling/rising?

As of 04-Sep, Axis Bank Ltd. is experiencing a decline in its stock price, currently at 1,051.35, reflecting a decrease of 3.1 points or 0.29%. The stock has underperformed its sector by 0.6% today and has been on a downward trend for the last three days, accumulating a total loss of 0.95% during this period. Additionally, Axis Bank is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite strong lending practices and a low Gross NPA ratio of 1.57%, the stock has generated a negative return of 10.71% over the past year, indicating a struggle to maintain investor confidence. The high institutional holdings at 85.02% suggest that while there is significant backing, the stock's recent performance has not met expectations, particularly given the high proportion of non-operating income relative to profit before tax.
In the broader market context, Axis Bank's short-term performance has lagged behind the benchmark Sensex, which has gained 0.80% over the past week while Axis Bank has declined by 0.35%. This underperformance is compounded by the stock's negative returns over the last month and year, contrasting with the Sensex's positive trajectory. Although the stock has shown strong long-term fundamentals with an impressive CAGR growth in net profits, the recent trends indicate a lack of momentum, leading to a cautious outlook among investors. The overall market conditions and Axis Bank's inability to capitalize on its strengths have contributed to its current price decline.