Why is IndusInd Bank falling/rising?

As of 13-Aug, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at Rs 773.50, which reflects a decrease of Rs 9.05 or 1.16%. The stock has underperformed its sector by 1.48% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 1.25%. Additionally, the stock has significantly underperformed in the past week and month, with returns of -3.69% and -9.92%, respectively. The stock is trading below all key moving averages, indicating a bearish trend, and has seen a drastic drop in delivery volume, down 76.51% from its five-day average. The company's financial health is concerning, with a reported -42.71% return over the past year and a staggering -86.9% decline in profits, compounded by negative results over the last four quarters and a high gross NPA of 3.64%.
In the broader market context, while the Sensex has remained relatively stable with a negligible change of -0.01% over the past week, IndusInd Bank's performance has been notably poor, particularly in the long term, where it has underperformed the BSE500 index over the last three years, one year, and three months. The stock's high promoter share pledge of 50.86% adds to the downward pressure in a falling market, further exacerbating investor concerns. Despite some positive indicators such as a high capital adequacy ratio and management efficiency, the overall sentiment remains negative due to the company's poor growth prospects and significant declines in profitability.