Why is IDFC First Bank falling/rising?

As of 09-Jul, IDFC First Bank Ltd. is currently priced at 77.45, reflecting a decrease of 0.4, or 0.51%. The stock has underperformed its sector today by 0.53%, and while it is higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. The delivery volume has also fallen significantly, down by 32.91% compared to the 5-day average, indicating a decline in investor participation. Despite this, the stock has shown positive performance over the past month with a return of 7.17%, and a year-to-date increase of 22.64%. The company benefits from strong lending practices, a low Gross NPA ratio of 1.87%, and a solid long-term growth trajectory with a 20.42% CAGR in net profits, which supports a hold rating.
In the broader market context, IDFC First Bank's short-term performance of 0.30% over the past week outpaces the Sensex's return of 0.15%. However, the stock's recent decline may reflect a temporary setback in investor sentiment, as indicated by the drop in delivery volume and underperformance relative to its sector. The high institutional holdings at 54.14% suggest that informed investors are confident in the company's fundamentals, which may provide some stability despite the current price drop. Overall, while the stock has shown strong long-term fundamentals, the recent decline in participation and performance relative to its sector could be contributing to the current price movement.