Why is IDBI Bank falling/rising?

As of 03-Jul, IDBI Bank Ltd. is currently priced at 101.50, reflecting a decrease of 1.4, or 1.36%. The stock has underperformed its sector by 0.51% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 3.24%. Despite this recent downturn, IDBI Bank has shown strong performance in the longer term, with a year-to-date return of 32.68% and a significant increase of 20.89% over the past year. The bank's fundamentals remain robust, highlighted by a high Capital Adequacy Ratio of 18.29%, consistent profit growth, and a low Gross NPA of 2.98%. However, a notable decline in investor participation, with delivery volume falling by 37.69% against the 5-day average, may be contributing to the stock's recent price drop.
In the broader market context, IDBI Bank's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.62% over the past week. While the bank's stock has outperformed the benchmark in the longer term, the recent two-day decline may reflect market volatility or investor sentiment rather than underlying business weaknesses. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume could indicate a cautious approach from investors. Overall, while IDBI Bank has demonstrated strong fundamentals and consistent returns over the years, the recent price movement suggests a temporary setback influenced by market dynamics and investor behavior.