Why is IndusInd Bank falling/rising?

As of 15-Jul, IndusInd Bank Ltd. is experiencing a rise in its stock price, currently at 881.10, reflecting an increase of 14.45 or 1.67%. The stock has shown positive momentum, gaining for the last four consecutive days with a total return of 4.79% during this period. It has outperformed its sector by 1.33% today and reached an intraday high of Rs 886.7. Despite a year-to-date decline of 8.24% and a significant drop of 39.01% over the past year, the bank's high profitability, indicated by a net interest margin of 7.04%, and a solid capital adequacy ratio of 16.18% provide some support for its valuation. However, the stock's performance is tempered by a concerning trend of negative net profits and high levels of pledged promoter shares, which could exert downward pressure in the long term.
In the broader market context, IndusInd Bank's short-term performance is notably stronger than the benchmark Sensex, which has declined by 1.36% over the past week while the bank's stock has increased by 3.57%. This divergence highlights a temporary positive sentiment towards the bank despite its longer-term struggles, including a significant underperformance relative to the market over the past year. The bank's recent gains may be attributed to rising investor participation and liquidity, as evidenced by a 53.1% increase in delivery volume. Nonetheless, the persistent negative results and high gross non-performing assets indicate that caution is warranted for potential investors.