Why is City Union Bank falling/rising?

As of 11-Jul, City Union Bank Ltd. is experiencing a decline in its stock price, currently at Rs 210.15, which reflects a decrease of Rs 4.15 or 1.94%. The stock has underperformed its sector by 1.54% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.71% during this period. Additionally, the stock touched an intraday low of Rs 209.5, indicating a lack of buying interest as evidenced by a significant drop in delivery volume, which fell by 37.62% compared to the 5-day average. Despite a strong performance over the past year with a return of 29.28%, the stock's recent movement is influenced by its current valuation concerns, as it trades at a Price to Book Value of 1.6, which is considered expensive relative to its peers.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.25% compared to the Sensex's decline of only 1.12%. While City Union Bank has shown strong long-term growth with a net profit increase of 18.73% annually and a high capital adequacy ratio, these positive factors are overshadowed by recent price declines and falling investor participation. The stock's liquidity remains adequate for trading, but the current market sentiment appears cautious, reflecting concerns over its valuation and recent performance relative to the broader market.