Why is Dhanlaxmi Bank falling/rising?

As of 26-Jun, Dhanlaxmi Bank Ltd's stock price is currently at 29.82, reflecting a decrease of 0.18, or 0.6%. Today's price summary indicates that the stock has underperformed its sector by 1.93% and has experienced a trend reversal, falling after two consecutive days of gains. Despite being higher than the 5-day, 50-day, and 100-day moving averages, it remains lower than the 20-day and 200-day moving averages. The stock has shown a mixed performance over various periods, with a notable 6.69% increase over the past week, but a significant decline of 31.20% over the past year. Positive factors include a growth in interest of 14.5%, outstanding quarterly results, and a low gross NPA of 2.98%. However, the stock's recent movement may be influenced by its current trading at a premium compared to peers and the overall negative return over the past year, despite rising profits.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 2.94% over the past week, Dhanlaxmi Bank's short-term performance has outpaced the index. However, the year-to-date performance shows a decline of 4.64% for the bank against a 7.19% increase for the Sensex, indicating a weaker position in the broader market context. The increasing participation of institutional investors, who have raised their stake by 8.2%, suggests a level of confidence in the company's fundamentals, which may provide some support to the stock. Nonetheless, the overall market sentiment and the stock's recent underperformance relative to its sector may contribute to the current price decline.