Why is Bandhan Bank falling/rising?

As of 29-Aug, Bandhan Bank Ltd. is experiencing a decline in its stock price, currently at 161.90, which reflects a decrease of 0.9 or 0.55%. The stock has been underperforming, having lost 8.43% over the last five days and is trading below its moving averages across multiple time frames. Additionally, the stock has generated negative returns of -16.55% over the past year, significantly underperforming against the benchmark, which has only seen a -2.83% decline in the same period. The company's recent financial performance has been concerning, with negative results reported for the last three consecutive quarters, including a substantial drop in profit before tax and a high gross non-performing asset ratio.
In the broader market context, Bandhan Bank's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.55% compared to the Sensex's -1.84%. Despite some positive factors such as high profitability and rising promoter confidence, these have not been sufficient to counteract the negative sentiment surrounding the stock. The significant decline in investor participation, as indicated by a 44.8% drop in delivery volume, further exacerbates the stock's struggles. Overall, the combination of poor recent financial results and consistent underperformance against benchmarks has contributed to the stock's downward trajectory.