Why is I O B falling/rising?

As of 04-Jul, Indian Overseas Bank's stock price is currently at 39.91, reflecting a decrease of 0.07, or 0.18%. The stock has underperformed its sector today by 0.52%. In terms of returns, the stock has shown a 4.07% increase over the past week, but it has declined by 3.13% over the past month and has a significant year-to-date drop of 22.73%. Despite this, the bank has demonstrated strong long-term fundamental strength, with a compound annual growth rate (CAGR) of 19.02% in net profits and a consistent positive performance over the last 21 quarters. The stock is currently trading at a discount compared to its peers, and institutional investors have increased their stake, indicating some confidence in the company's fundamentals.
In the broader market context, while the Sensex has gained 6.77% year-to-date, Indian Overseas Bank has significantly lagged behind with a 22.73% decline. This stark contrast highlights the stock's underperformance, particularly as it has generated a negative return of 36.75% over the past year, while the broader market has shown resilience. The falling investor participation, evidenced by a 52.34% drop in delivery volume against the five-day average, further suggests a lack of confidence among retail investors, which may be contributing to the stock's price decline.