Why is IDFC First Bank falling/rising?

As of 08-Jul, IDFC First Bank Ltd. is currently priced at 77.85, reflecting a slight increase of 0.14 or 0.18%. The stock is trading close to its 52-week high, just 4.5% away from Rs 81.35. Despite this positive price movement, the stock has underperformed its sector by 0.53% today. Over the past week, IDFC First Bank has shown a return of 0.79%, significantly outperforming the Sensex, which only gained 0.02%. Additionally, the bank has demonstrated strong long-term fundamentals, with a 20.42% compound annual growth rate (CAGR) in net profits and a low gross non-performing asset (NPA) ratio of 1.87%. However, there has been a notable decline in investor participation, with delivery volume falling by 34.65% compared to the five-day average.
In the broader market context, IDFC First Bank's recent performance is commendable, especially when compared to the Sensex, which has only increased by 1.85% over the past month. The bank's strong institutional holdings at 54.14% indicate confidence from larger investors, who have increased their stake by 1.72% in the previous quarter. This suggests that while the stock is currently experiencing some volatility, its underlying fundamentals and institutional support may provide a buffer against broader market fluctuations. Overall, the combination of solid growth metrics and institutional backing contributes positively to the stock's resilience, despite the recent dip in trading volume.