Why is IndusInd Bank falling/rising?

As of 17-Jul, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 864.80, which reflects a decrease of 14.25 points or 1.62%. The stock has underperformed its sector by 1.08% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.85%. Over the past week, the stock has shown a modest gain of 1.42%, but it has significantly underperformed over the longer term, with a year-to-date decline of 9.94% and a staggering 40.20% drop over the past year. The company's profitability metrics, including a net interest margin of 7.04% and a capital adequacy ratio of 16.18%, suggest some financial stability; however, the stock's performance is overshadowed by a 70.5% decline in profits and negative results over the last three quarters.
In the broader market context, while the Sensex has generated a positive return of 5.27% year-to-date, IndusInd Bank's performance has been notably poor, indicating a significant underperformance relative to the market. The stock's recent struggles are compounded by high levels of pledged promoter shares, which can exert additional downward pressure in a declining market. Furthermore, the company has reported a negative profit after tax and a high gross non-performing asset ratio, which raises concerns about its long-term growth prospects. Overall, the combination of poor financial results, declining investor participation, and unfavorable market conditions has contributed to the stock's recent downward movement.