Why is IDBI Bank falling/rising?

As of 22-Aug, IDBI Bank Ltd. is currently priced at 95.00, reflecting a decrease of 2.61 points or 2.67%. The stock has underperformed its sector by 1.45% today and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 94.6, which is a decline of 3.08%. Over the past week, the stock has shown a positive return of 8.81%, while its one-month performance is slightly negative at -0.26%. Despite the recent decline, the bank maintains a high Capital Adequacy Ratio of 18.53%, indicating strong buffers against risk, and has demonstrated healthy long-term growth with a net profit increase of 23.50% annually.
In the broader market context, IDBI Bank's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 0.88% over the past week. However, the stock's recent decline may be attributed to profit-taking after a strong upward trend and its current trading position below the 50-day moving average, despite being above other moving averages. The stock's valuation remains attractive with a Price to Book Value of 1.6 and a PEG ratio of 0.5, suggesting that while the stock has faced short-term pressures, its fundamentals remain strong compared to its peers.