Why is IDFC First Bank falling/rising?

As of 11-Jul, IDFC First Bank Ltd. is experiencing a decline in its stock price, currently at Rs 75.17, reflecting a decrease of Rs 1.47 or 1.92%. The stock has underperformed its sector by 1.52% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 3.44% during this period. Despite its strong long-term fundamentals, including a low Gross NPA ratio of 1.87% and a robust 20.42% CAGR growth in net profits, the stock's recent performance has been affected by falling investor participation, with delivery volume decreasing by 8% against the five-day average. Additionally, while the stock is trading above its 20, 50, 100, and 200-day moving averages, it is below the 5-day moving average, indicating a short-term weakness.
In the broader market context, IDFC First Bank's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 1.12% over the past week, while the bank's stock has fallen by 3.45%. This underperformance may reflect broader market sentiments or sector-specific challenges that are impacting investor confidence. However, the bank's strong institutional holdings at 54.14%, which have increased by 1.72% over the previous quarter, suggest that there is still confidence in its long-term potential, even as short-term fluctuations continue to affect its stock price.