Why is Dhanlaxmi Bank falling/rising?

As of 04-Jul, Dhanlaxmi Bank Ltd's stock price is currently at 30.05, reflecting a decrease of 0.12 or 0.4%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.75% during this period. Additionally, the stock's performance over the past month shows a significant drop of 6.09%, while it has underperformed the sector by 0.84% today. Despite the recent negative price movement, the company has reported positive results in the last two quarters, with a growth in interest of 14.5% and a gross NPA at its lowest, indicating some underlying strength. However, the stock's liquidity has been affected by a 43.78% drop in delivery volume compared to the five-day average, which may contribute to the downward pressure on the stock price.
In the broader market context, Dhanlaxmi Bank's short-term return of +1.42% over the past week contrasts with the Sensex, which has declined by 0.74%. While the stock has shown some resilience in the short term, its year-to-date performance remains negative at -3.90%, compared to the Sensex's positive return of +6.77%. The increase in institutional investor participation, with an 8.2% rise in stakes, suggests a potential for recovery, as these investors typically have more resources to analyze the company's fundamentals. However, the overall negative sentiment reflected in the stock's recent price movements and declining trading volume indicates that investors may be cautious in the near term.