Why is Equitas Sma. Fin falling/rising?

As of 04-Aug, Equitas Small Finance Bank Ltd's stock price is currently at 57.44, reflecting an increase of 0.39 or 0.68%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. Despite this short-term uptick, the stock has underperformed significantly over the past week and month, with returns of -3.80% and -15.53%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a rise in investor participation, with delivery volume increasing by 24.27% compared to the five-day average. The bank's strong lending practices, highlighted by a low Gross NPA ratio of 2.89% and a high Capital Adequacy Ratio, suggest a solid foundation, but the stock has faced challenges with a substantial decline in profits over the past year.
Broader market context shows that while the Sensex has gained 0.16% over the past week, Equitas Small Finance Bank's performance has lagged behind, indicating a divergence from broader market trends. The stock's long-term performance has also been disappointing, with a -29.58% return over the past year, contrasting sharply with the Sensex's slight gain of 0.05%. Additionally, the company has reported negative results for the last four consecutive quarters, which has contributed to investor skepticism. Despite high institutional holdings that may provide some stability, the overall sentiment remains cautious due to the bank's underperformance relative to the market and its own historical results.