Why is Equitas Sma. Fin falling/rising?

As of 22-Jul, Equitas Small Finance Bank Ltd is currently priced at 62.76, reflecting a decrease of 0.26, or 0.41%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 0.85%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has underperformed its sector by 0.56% today, and its delivery volume has significantly decreased by 62.3% compared to the 5-day average, suggesting reduced investor interest. Despite a low Gross NPA ratio of 2.89% and a high Capital Adequacy Ratio, the stock has generated a substantial negative return of 30.38% over the past year, with profits plummeting by 81.6%.
In the broader market context, Equitas Small Finance Bank's short-term performance has been weaker than the benchmark, with a 1-week return of -1.21% compared to the Sensex's -0.47%. This trend continues in the 1-month period, where the stock has declined by 2.49% against the Sensex's -0.27%. Although the stock has high institutional holdings at 63.43%, which may provide some stability, the overall negative sentiment and declining returns suggest that investors are cautious. The stock's premium valuation relative to peers and the significant drop in delivery volume further contribute to the downward pressure on its price.