Why is Indian Bank falling/rising?

As of 12-Aug, Indian Bank's stock price is currently at Rs 672.00, reflecting a decrease of Rs 1.9 or 0.28%. Despite this recent decline, the stock has shown strong performance over the past week and month, with returns of 5.88% and 6.47%, respectively. The stock is also close to its 52-week high, being only 0.74% away from Rs 677. The stock has been trading above its moving averages, indicating a generally positive trend prior to this drop. The company has demonstrated robust fundamentals, including a strong provision coverage ratio and consistent profit growth, which have contributed to its attractiveness to investors.
In the broader market context, Indian Bank's performance contrasts with the Sensex, which has seen a decline of 0.59% over the past week and 2.75% over the past month. This suggests that while Indian Bank is experiencing a minor setback, it has outperformed the benchmark significantly in the longer term, with a year-to-date return of 26.57% compared to the Sensex's 2.68%. The recent fall in stock price follows four consecutive days of gains, indicating a possible trend reversal, but the overall positive sentiment surrounding the stock remains strong due to its solid financial metrics and high institutional holdings.