Why is CSB Bank falling/rising?

As of 24-Oct, CSB Bank Ltd is currently priced at 403.50, reflecting a decrease of 9.4 points or 2.28%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.8% during this period. Today's trading saw the stock reach an intraday low of Rs 401, and it has experienced a drop in delivery volume by 29.52% compared to the five-day average, indicating reduced investor participation. Despite these challenges, CSB Bank has shown strong performance over the longer term, with a year-to-date return of 28.63% and a one-year return of 30.46%, significantly outperforming the broader market.
In the broader market context, CSB Bank's recent performance contrasts with the Sensex, which has only increased by 0.31% over the past week. While the stock has demonstrated healthy long-term growth, evidenced by a high Capital Adequacy Ratio and a robust increase in Net Interest Income, its current decline may be attributed to short-term market pressures and reduced trading activity. The stock's premium valuation compared to peers and high institutional holdings suggest that while the fundamentals remain strong, the recent price movement reflects a temporary setback rather than a fundamental weakness.