Why is CSB Bank falling/rising?

As of 24-Jul, CSB Bank Ltd's stock price is currently at 424.80, reflecting a decrease of 4.3 or 1.0%. The stock has recently underperformed its sector by 0.45% and has experienced a trend reversal after two consecutive days of gains. It is also close to its 52-week high, being only 2.06% away from 433.55. Despite a strong year-to-date performance of 35.42% and a solid long-term growth trajectory, the stock's delivery volume has fallen significantly, indicating reduced investor participation. The bank's high Capital Adequacy Ratio of 22.77% and strong institutional holdings at 30% suggest a stable foundation, but the recent decline may reflect market corrections or profit-taking after a period of strong performance.
In the broader market context, CSB Bank's short-term return over the past week is -0.65%, while the benchmark Sensex has only decreased by 0.09%, indicating that the stock is underperforming relative to the market. However, over the longer term, CSB Bank has outperformed the Sensex significantly, with a 35.42% gain year-to-date compared to the benchmark's 5.18%. This suggests that while the stock is currently facing downward pressure, its overall performance remains strong in the context of the broader market trends.