Why is City Union Bank falling/rising?

As of 11-Aug, City Union Bank Ltd. is experiencing a decline in its stock price, currently at Rs 208.40, which reflects a decrease of Rs 4.55 or 2.14%. The stock has underperformed its sector by 2.93% today and has been on a downward trend for the last two days, accumulating a total loss of 3.47%. The stock's performance over the past week shows a decline of 3.94%, while it has also underperformed the benchmark Sensex, which has only decreased by 0.51% in the same period. Despite the stock's strong fundamentals, including a low Gross NPA ratio of 2.99% and a high Capital Adequacy Ratio of 21.32%, the recent price movement suggests that investor participation is waning, as evidenced by a significant drop in delivery volume.
In the broader market context, City Union Bank's short-term performance has been notably weaker compared to the benchmark, with a 1-week return of -3.94% against the Sensex's -0.51%. While the bank has shown robust long-term growth with a year-to-date return of 20.78% and a one-year return of 27.42%, the recent price decline indicates that market sentiment may be shifting, possibly due to concerns over its valuation, as reflected in its Price to Book Value ratio of 1.6. Additionally, the stock's liquidity remains adequate, but the falling investor participation could signal a cautious outlook among investors, impacting the stock's recent performance negatively.