Why is IDBI Bank falling/rising?

As of 11-Jul, IDBI Bank Ltd. is experiencing a decline in its stock price, currently at 98.95, reflecting a decrease of 0.9 (-0.9%). The stock has underperformed its sector by 0.69% today and has been on a consecutive downward trend for the last two days, with a total decline of 0.95% during this period. Despite this short-term drop, the stock has shown strong long-term performance, with a year-to-date increase of 29.35% and a remarkable 202.60% rise over the past three years. The bank's solid financial health is highlighted by a high Capital Adequacy Ratio of 18.29%, consistent net profit growth, and positive quarterly results, including the lowest Gross NPA at 2.98% and a record PAT of Rs 2,051.18 crore. These factors suggest that while the stock is currently facing a short-term decline, its underlying fundamentals remain strong.
In the broader market context, IDBI Bank's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.12% over the past week. This indicates that IDBI Bank's short-term struggles are more pronounced compared to the overall market. The stock's recent underperformance may also be attributed to its higher volatility, as it is currently trading below its 5-day moving averages while remaining above longer-term averages. However, the rising investor participation, evidenced by a 26.99% increase in delivery volume, suggests that there is still interest in the stock, which could support a recovery in the future.