Why is Dhanlaxmi Bank falling/rising?

As of 01-Aug, Dhanlaxmi Bank Ltd is experiencing a decline in its stock price, currently at 26.40, which reflects a decrease of 0.58 or 2.15%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.31% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week shows a decrease of 5.14%, and over the past month, it has dropped by 15.44%. Despite the company declaring positive financial results in recent quarters, including a significant growth in profits, the stock has still generated a return of -39.51% over the past year, which is considerably worse than the broader market's decline of -1.55%.
In the broader market context, Dhanlaxmi Bank's recent performance has been notably weaker than the benchmark, as it has underperformed the Sensex by a substantial margin. While the Sensex has shown a slight decline of 1.06% over the past week, Dhanlaxmi Bank's losses are more pronounced. The lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in the stock's current valuation despite its attractive financial metrics. This combination of poor short-term performance, declining investor participation, and underwhelming market sentiment contributes to the stock's downward trajectory.