Why is IDBI Bank falling/rising?

As of 02-Jul, IDBI Bank Ltd. is experiencing a decline in its stock price, currently at Rs 102.90, which reflects a decrease of Rs 2.0 or 1.91%. The stock has underperformed its sector by 1.03% today and has fallen after an impressive streak of eight consecutive days of gains. Despite this recent downturn, IDBI Bank has shown strong performance over the past year, with a return of 22.97%, and has consistently outperformed the BSE500 index over the last three years. The stock is currently trading close to its 52-week high, just 4.94% away, and remains above all key moving averages, indicating a generally positive long-term trend. However, a notable drop in investor participation, with delivery volume decreasing by 31.64% against the five-day average, may be contributing to the current price decline.
In the broader market context, IDBI Bank's short-term return of +8.75% over the past week significantly outpaces the Sensex's return of +0.79%, highlighting the stock's relative strength despite today's decline. The bank's solid fundamentals, including a high capital adequacy ratio of 18.29%, consistent profit growth, and low non-performing asset ratios, suggest a robust financial position that supports its valuation. However, the recent drop in trading volume and the stock's pullback after a strong rally may indicate a temporary correction rather than a fundamental weakness. Overall, while IDBI Bank is facing a short-term price decline, its long-term growth prospects remain strong.