Why is I O B falling/rising?

As of 03-Jul, Indian Overseas Bank's stock price is currently at 39.98, reflecting an increase of 0.15 or 0.38%. The stock has shown a positive performance today, outperforming its sector by 1.23%. In terms of recent returns, the stock has gained 5.63% over the past week, although it has underperformed over the last month with a decline of 1.45%. Despite a significant year-to-date drop of 22.59%, the company has demonstrated strong long-term fundamental strength, with a compound annual growth rate (CAGR) of 19.02% in net profits and positive results for the last 21 consecutive quarters. The stock is currently trading at a discount compared to its peers, and institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has outperformed the Sensex by 5.63% over the past week while the benchmark has declined by 0.62%. However, over the past year, the stock has significantly underperformed the market, generating a return of -36.89% compared to the Sensex's gain of 4.07%. This underperformance may weigh on investor sentiment despite the positive indicators of institutional interest and strong profit growth, highlighting a complex situation where short-term gains are not enough to offset long-term declines.