Why is IndusInd Bank falling/rising?

As of 01-Jul, IndusInd Bank Ltd. is experiencing a price increase, with its current price at 879.35, reflecting a rise of 7.55 (0.87%). The stock has shown a positive trend, gaining for the last four consecutive days and achieving a total return of 5.98% during this period. It has outperformed its sector by 0.81% today and reached an intraday high of Rs 893. However, despite these recent gains, the stock has underperformed over the longer term, with a year-to-date return of -8.42% and a significant decline of -39.65% over the past year. The bank's high profitability, indicated by a net interest margin of 7.04% and a capital adequacy ratio of 16.18%, suggests a strong financial position, but the negative results over the last three quarters and a substantial drop in net profit have raised concerns among investors.
In the broader market context, IndusInd Bank's short-term performance has been notably better than the benchmark, with a 1-week return of +5.71% compared to the Sensex's +2.00%. However, the stock's long-term performance remains a concern, as it has significantly lagged behind the market, which has generated returns of +7.11% year-to-date. The stock's liquidity appears adequate, but a notable decline in delivery volume indicates falling investor participation, which could impact future price movements. The high percentage of pledged promoter shares also adds a layer of risk, particularly in a declining market, potentially exerting additional downward pressure on the stock price.