Why is Bandhan Bank falling/rising?

As of 13-Jun, Bandhan Bank Ltd. is currently priced at 175.15, reflecting a decrease of 2.4, or 1.35%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 4.03% during this period. It opened with a loss of 2.56% today and reached an intraday low of Rs 173. Despite having positive returns over the past week and month, with increases of 1.10% and 7.85% respectively, the stock has struggled over the longer term, showing a 9.81% decline over the past year and a significant drop of 42.92% over three years. Positive factors include a high net interest margin of 12.92%, a strong capital adequacy ratio of 18.36%, and a favorable price-to-book value ratio, indicating that the stock is trading at a discount compared to its peers. However, the recent drop in investor participation, with delivery volume falling by 72.98% against the five-day average, may be contributing to the stock's current downward trend.
In the broader market context, Bandhan Bank's performance has been relatively better than the benchmark Sensex in the short term, as it has gained 1.10% over the past week while the Sensex has declined by 1.30%. However, the stock's year-to-date return of 10.16% still outpaces the Sensex's 3.81% gain, indicating some resilience. Despite these positive comparisons, the overall negative sentiment reflected in the stock's recent price movements, coupled with its significant underperformance over longer periods, suggests that investors may be cautious. The high institutional holdings at 39.16% could provide some stability, as these investors typically have more resources to analyze the company's fundamentals, but the current market dynamics are weighing on the stock's price.