Why is IndusInd Bank falling/rising?

As of 16-Jul, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 879.05, reflecting a decrease of 2.05 or 0.23%. The stock has shown a trend reversal after four consecutive days of gains, and its performance today is in line with the sector. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains lower than the 200-day moving average. The stock has underperformed significantly over the past year, with a return of -39.22%, while the benchmark Sensex has gained 2.38%. Additionally, the bank's profitability is under pressure, with a net profit decline of 70.5% and a high gross NPA of 3.13%, contributing to negative investor sentiment.
Broader Market Context: In the short term, IndusInd Bank has outperformed the benchmark with a 1-week return of 4.55% compared to the Sensex's -1.08%. However, the broader market context reveals that the stock has struggled over the longer term, with a year-to-date return of -8.46% against the Sensex's 5.75%. The high percentage of pledged promoter shares (50.86%) adds to the downward pressure in a falling market, further exacerbating the stock's challenges. Overall, while there are some positive factors such as a high capital adequacy ratio and attractive valuation, the negative trends in profitability and growth prospects are overshadowing these strengths, leading to the stock's current decline.