Why is IDFC First Bank falling/rising?

As of 01-Aug, IDFC First Bank Ltd. is experiencing a decline in its stock price, currently at 67.59, reflecting a decrease of 1.15 or 1.67%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.43% during this period. In terms of returns, the stock has underperformed the sector by 1.21% today and has seen a significant drop of 12.49% over the past month, while year-to-date it remains positive with a gain of 7.03%. Despite these recent challenges, the bank maintains strong lending practices with a low Gross NPA ratio of 1.97% and a robust long-term growth outlook, evidenced by a 21.12% CAGR growth in net profits and a healthy increase in net interest income.
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 1.06% over the past week. This underperformance is compounded by the stock's recent price movements, which have been influenced by rising investor participation, as indicated by a 9.47% increase in delivery volume compared to the five-day average. Additionally, the stock remains liquid enough for trading, with a significant institutional holding of 56.35%, which has increased by 2.21% over the previous quarter, suggesting that institutional investors continue to have confidence in the bank's fundamentals despite the recent price decline.