Why is Bandhan Bank falling/rising?

As of 28-Aug, Bandhan Bank Ltd. is currently priced at 162.80, reflecting a decline of 3.0 points or 1.81%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -7.92% over the past week. It is also trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has decreased by 6.39% compared to the five-day average, suggesting a decline in investor participation. Despite these negative indicators, the bank maintains a high profitability with a net interest margin of 12.03% and a strong capital adequacy ratio of 18.66%, which provides a buffer against risks. However, the stock has experienced a significant drop of 17.28% over the past year, coinciding with a 20.2% reduction in profits, which may contribute to investor concerns.
In the broader market context, Bandhan Bank's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 2.34% over the past week. This stark contrast highlights the stock's underperformance relative to the market. While the bank's promoters have shown increased confidence by raising their stake by 0.94%, the overall sentiment appears to be negative, as reflected in the stock's recent price movements and returns. The combination of falling investor participation and a substantial decline in stock value compared to the benchmark suggests that investors are cautious about the bank's future prospects despite some positive financial indicators.