Why is Bandhan Bank falling/rising?

As of 01-Jul, Bandhan Bank Ltd. is experiencing a decline in its stock price, currently at Rs 187.15, which reflects a decrease of Rs 2.7 or 1.42%. Today's price summary indicates that the stock has underperformed its sector by 1.48% and has fallen after four consecutive days of gains, touching an intraday low of Rs 185.7. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Over the past week, the stock has increased by 3.89%, and over the past month, it has risen by 9.96%, although it has a negative return of -9.06% over the past year. The bank's high profitability, indicated by a net interest margin of 12.92% and a capital adequacy ratio of 18.36%, along with a very attractive valuation reflected in its PEG ratio of 0.5, suggests that the stock may be undervalued compared to its peers.
In the broader market context, Bandhan Bank's recent performance has outpaced the Sensex, which has increased by 2.00% over the past week and 2.76% over the past month. The stock's rising investor participation, with a delivery volume increase of 17.01% against the 5-day average, indicates growing interest despite the current price drop. Additionally, the high institutional holdings at 39.16% suggest that knowledgeable investors are confident in the bank's fundamentals, which may provide support for the stock in the long term. However, the recent price decline could be attributed to profit-taking after a series of gains, reflecting a temporary market reaction rather than a fundamental weakness in the bank's performance.