Why is Indbank Merchant falling/rising?

As of 08-Oct, Indbank Merchant Banking Services Ltd is experiencing a decline in its stock price, currently at Rs 41.38, which reflects a decrease of Rs 4.42 or 9.65%. Today's price summary indicates that the stock has underperformed its sector by 9.11% and has fallen after two consecutive days of gains. It reached an intraday low of Rs 41.25, showcasing a high level of volatility with an intraday fluctuation of 7.85%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 24.60% and 28.31%, respectively. Additionally, the stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 486.76% compared to the five-day average.
In the broader market context, while Indbank's short-term performance has been impressive, it has underperformed the benchmark Sensex, which has only increased by 0.98% over the past week. Year-to-date, Indbank's performance is down by 10.65%, contrasting with the Sensex's gain of 4.65%. This disparity highlights the stock's struggle to maintain momentum despite recent gains, suggesting that external market conditions may not be favorable for its continued rise. The liquidity of the stock remains adequate for trading, but the current downward trend indicates that investor sentiment may be shifting, leading to the recent price decline.