Why is Axis Bank falling/rising?

As of 10-Sep, Axis Bank Ltd. is experiencing a price increase, with its current price at Rs 1,070.75, reflecting a rise of Rs 17.9 or 1.7%. Today's performance indicates that the stock has outperformed its sector by 1.35%, reaching an intraday high of Rs 1,073.95, which is a 2% increase. While the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 9.79% against the 5-day average, the stock maintains a liquid status for trading. The company has shown strong lending practices with a low Gross NPA ratio of 1.57% and a robust long-term fundamental strength, evidenced by an impressive 80.38% CAGR growth in net profits, although it has underperformed in the past year with a return of -9.79%.
In the broader market context, Axis Bank's short-term return of +1.55% over the past week has outpaced the Sensex, which has gained +1.06% during the same period. However, the stock's year-to-date performance shows a modest gain of only +0.22%, significantly lagging behind the Sensex's +4.21%. The high institutional holdings at 85.02% suggest confidence from larger investors, who typically have better resources to analyze company fundamentals. Despite the positive aspects, such as strong profit growth and fair valuation compared to peers, the stock's overall performance has been hindered by a high Gross NPA and below-par performance in both the long and near term, which could impact investor sentiment moving forward.