Why is CSB Bank falling/rising?

As of 21-Jul, CSB Bank Ltd's stock price is currently at 420.45, reflecting a decline of 11.05 points or 2.56%. Today's price summary indicates that the stock opened significantly lower, down 18.64%, and has underperformed its sector by 4.39%. Despite a strong performance over the past month with a return of 7.99% and a year-to-date increase of 34.03%, the stock has recently experienced a trend reversal after two consecutive days of gains. The stock remains close to its 52-week high, just 3.12% away, but has seen a drop in investor participation, with delivery volume falling by 20.47% against its five-day average. The company's high capital adequacy ratio and healthy long-term growth prospects are positive factors, yet the current price movement suggests a reaction to short-term volatility and market sentiment.
In the broader market context, CSB Bank's recent performance contrasts with the benchmark Sensex, which has seen a minimal decline of 0.06% over the past week. While CSB Bank has outperformed the benchmark over longer periods, including a 100.07% return over three years, the current short-term decline indicates a divergence from this trend. The stock's liquidity remains adequate for trading, but the significant drop in price today may reflect broader market pressures or investor caution. Overall, while the stock has demonstrated strong long-term performance, the recent price decline suggests a temporary setback influenced by market dynamics and investor sentiment.