Why is IDFC First Bank falling/rising?

As of 02-Jul, IDFC First Bank Ltd. is experiencing a slight decline in its stock price, currently at 77.22, reflecting a change of -0.02 (-0.03%). Despite this minor drop, the stock has shown strong performance in the short term, with a 7.13% increase over the past week and a 12.45% rise over the past month. The stock has outperformed its sector today by 0.77%, although it has seen a trend reversal after three consecutive days of gains. Additionally, IDFC First Bank is trading above its moving averages across various time frames, indicating a generally positive trend. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. The company's strong lending practices and low Gross NPA ratio of 1.87%, along with a robust 20.42% CAGR growth in net profits, contribute positively to its long-term outlook, supported by high institutional holdings.
In the broader market context, IDFC First Bank's short-term performance has significantly outpaced the Sensex, which only increased by 0.79% over the past week. This indicates that while the stock is currently experiencing a minor decline, it has been performing well relative to the market overall. The stock's year-to-date return of 22.28% also contrasts with the Sensex's 6.75% increase, highlighting its strong position in the market despite the recent price movement.