Why is Dhanlaxmi Bank falling/rising?

As of 03-Jul, Dhanlaxmi Bank Ltd's stock price is currently at 30.17, reflecting a decrease of 0.33, or 1.08%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.36%. In terms of returns, the stock has shown a 1.17% increase over the past week, but it has decreased by 3.86% over the past month and 28.34% over the past year. Despite these declines, the company has reported positive financial results in recent quarters, including a growth in interest and a low gross NPA ratio, which may indicate underlying strength. Additionally, institutional investors have increased their stake, suggesting confidence in the company's fundamentals.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 3.10% over the past month and 6.53% year-to-date, Dhanlaxmi Bank's performance has been notably weaker, particularly in the longer term where it has underperformed significantly with a 28.34% decline over the past year. The stock's recent performance has also been impacted by its moving averages, where it is lower than the 5-day, 20-day, and 200-day averages, indicating a bearish trend. While the stock is liquid enough for trading, the overall market context and the stock's recent underperformance against the benchmark suggest a challenging environment for Dhanlaxmi Bank at this time.