Why is IDBI Bank falling/rising?

As of 18-Jul, IDBI Bank Ltd. is experiencing a decline in its stock price, currently at 98.60, reflecting a decrease of 1.1 or 1.1%. The stock has underperformed its sector by 0.43% today and has been on a downward trend for the last two days, with a total decline of 2.04% during this period. Despite a strong performance over the past month with a return of 7.22%, the stock's recent movement is impacted by a significant drop in investor participation, as evidenced by a 51.55% decrease in delivery volume compared to the five-day average. The stock remains above its longer-term moving averages, indicating some underlying strength, but the recent price action suggests a shift in sentiment.
In the broader market context, IDBI Bank's short-term performance contrasts with the Sensex, which has declined by 0.90% over the past week, indicating that the stock's recent drop is not solely due to broader market trends. While the bank has shown healthy long-term growth with a high capital adequacy ratio and consistent profit increases, the low domestic mutual fund ownership may signal caution among institutional investors. This lack of confidence could contribute to the stock's recent price decline, despite its strong fundamentals and positive financial results over the past quarters.