Why is IDFC First Bank falling/rising?

As of 10-Jul, IDFC First Bank Ltd. is experiencing a decline in its stock price, currently at Rs 76.64, which reflects a decrease of -0.81 or -1.05%. The stock has underperformed its sector by -0.61% today and has been on a consecutive fall for the last two days, resulting in a total drop of -1.55% during this period. Although the stock is close to its 52-week high, being only 4.89% away from Rs 80.39, it has shown mixed performance with a -1.29% return over the past week, while it has gained +7.29% over the past month. The delivery volume has also decreased significantly, falling by -26.85% against the 5-day average, indicating a drop in investor participation. Despite these short-term challenges, the bank maintains strong lending practices with a low Gross NPA ratio of 1.87% and a robust long-term growth outlook, evidenced by a 20.42% CAGR growth in net profits.
In the broader market context, IDFC First Bank's recent performance contrasts with the Sensex, which has only seen a slight decline of -0.06% over the past week. While the bank's year-to-date return stands at +21.36%, significantly outperforming the Sensex's +6.46%, its one-year performance shows a decline of -2.01%, compared to the Sensex's +4.09%. This suggests that while the bank has had strong long-term fundamentals and high institutional holdings, the recent price movement reflects short-term pressures and reduced trading activity, which may be affecting investor sentiment.