Why is Dhanlaxmi Bank falling/rising?

As of 16-Sep, Dhanlaxmi Bank Ltd's stock price is currently at 25.89, reflecting a slight decrease of 0.01, or 0.04%. The stock has recently underperformed its sector by 0.5% and has experienced a trend reversal, falling after four consecutive days of gains. In terms of performance, the stock has shown a 3.56% increase over the past week, but it has declined by 3.14% over the past month and has a year-to-date drop of 17.20%. Despite positive financial results, including a significant increase in profits and a fair valuation compared to peers, the stock's performance over the last year has been disappointing, with a decline of 33.15%. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current valuation.
In the broader market context, Dhanlaxmi Bank's recent performance contrasts with the benchmark Sensex, which has gained 1.58% over the past week and 2.21% over the past month. The stock's underperformance relative to the market is evident, as it has significantly lagged behind the BSE500's negative return of 2.93% over the last year. While the stock's liquidity appears sufficient for trading, the lack of domestic mutual fund investment and the substantial decline in its stock price over the past year suggest that investor sentiment remains cautious.