Why is Indian Bank falling/rising?

As of 22-Aug, Indian Bank's stock price is currently at 668.05, reflecting a decrease of 2.95 points or 0.44%. The stock is 2.24% away from its 52-week high of Rs 683 and has shown strong performance over the past month with a return of 6.39%, despite the current decline. It has outperformed its sector by 0.78% today, although there has been a notable drop in investor participation, with delivery volume falling by 40.92% against the 5-day average. The stock remains liquid enough for trading, based on 2% of the 5-day average traded value. Over the past year, Indian Bank has generated a return of 20.74%, significantly outperforming the Sensex, which has only increased by 0.31%.
In the broader market context, while Indian Bank's short-term performance has been strong, the stock's current decline contrasts with its overall upward trajectory, as evidenced by its year-to-date return of 25.82% compared to the Sensex's 4.05%. The company's strong fundamentals, including a high provision coverage ratio and consistent profit growth, support its valuation and long-term potential. Additionally, the high institutional holdings at 22.6% indicate confidence from knowledgeable investors. However, the recent drop in delivery volume may signal a temporary pullback in investor interest, which could be contributing to the current price decline despite the company's strong performance metrics.