Why is IndusInd Bank falling/rising?

As of 30-Jun, IndusInd Bank Ltd. is experiencing a rise in its stock price, currently at Rs 871.80, reflecting an increase of 14.05 or 1.64%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 5.07% during this period. It has outperformed its sector by 2.53% today and reached an intraday high of Rs 875.3. Despite a year-to-date decline of 9.21% and a significant drop of 40.44% over the past year, the stock's recent performance is bolstered by a high net interest margin of 7.04% and a strong capital adequacy ratio of 16.18%. However, the company has faced challenges, including a substantial decrease in profits by 70.5% over the past year and negative results for the last three quarters, which have contributed to its underperformance relative to the market.
In the broader market context, IndusInd Bank's short-term return of 3.74% over the past week outpaces the Sensex's return of 2.09%, indicating a stronger performance relative to the benchmark in the short term. However, the stock has significantly underperformed over the past year compared to the broader market, which has generated a return of 3.95%. The high percentage of pledged promoter shares, at 50.86%, adds a layer of risk, particularly in a falling market, which could exert downward pressure on the stock price. Overall, while the recent gains are encouraging, the long-term outlook remains clouded by ongoing profitability issues and market underperformance.