Why is IndusInd Bank falling/rising?

As of 14-Jul, IndusInd Bank Ltd. is experiencing a rise in its stock price, currently at 866.65, reflecting an increase of 7.95 or 0.93%. The stock has shown positive momentum, gaining for three consecutive days with a total return of 3.07% during this period. It has outperformed its sector by 0.95% today and has a delivery volume that has increased significantly, indicating rising investor participation. However, despite a recent uptick, the stock has underperformed over the past year with a decline of 39.65%, while its profits have fallen sharply by 70.5%. The bank's high profitability, indicated by a net interest margin of 7.04% and a solid capital adequacy ratio of 16.18%, contrasts with its poor long-term growth prospects, as evidenced by a negative annual net profit growth rate of -9.77%.
In the broader market context, IndusInd Bank's short-term performance has been relatively strong, with a 1-week return of 1.39%, while the benchmark Sensex has declined by 1.42% during the same period. This suggests that the stock is gaining traction despite broader market challenges. However, the long-term outlook remains concerning, as the stock has significantly lagged behind the market over the past year, highlighting the challenges it faces, including a high gross NPA ratio of 3.13% and a concerning trend of negative results over the last three quarters. The presence of pledged promoter shares adds to the downward pressure in falling markets, further complicating the stock's recovery potential.