Why is IDFC First Bank falling/rising?

As of 07-Jul, IDFC First Bank Ltd. is currently priced at 77.71, reflecting a decrease of 0.15, or 0.19%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past week, with a return of 6.72%, and a notable 8.65% increase over the past month. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 28.35% compared to the 5-day average. The bank's strong lending practices, characterized by a low Gross NPA ratio of 1.87%, and a robust long-term growth in net profits at a CAGR of 20.42%, support a hold recommendation for the stock.
In the broader market context, IDFC First Bank's short-term performance has outpaced the Sensex, which has seen a slight decline of 0.20% over the past week. The stock's year-to-date return of 23.06% also significantly exceeds the Sensex's 6.79% during the same period. This indicates that while the stock is currently experiencing a minor setback, its overall performance remains strong relative to the market. The high institutional holdings at 54.14%, which have increased by 1.72% over the previous quarter, further suggest confidence in the bank's fundamentals, as institutional investors typically have more resources to analyze company performance than retail investors.