Why is IndusInd Bank falling/rising?

As of 14-Aug, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 769.80, reflecting a decrease of 3.7 points or 0.48%. The stock has underperformed its sector by 0.74% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 1.7% during this period. Over the past week, the stock has dropped by 4.67%, and it has significantly underperformed the benchmark Sensex, which has only seen a minor decline of 0.03%. Additionally, the stock's performance over the past year shows a staggering drop of 42.49%, while the bank's profits have plummeted by 86.9%, contributing to a negative sentiment among investors.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 3.15% year-to-date, while IndusInd Bank has fallen by 19.83% in the same timeframe. The high level of pledged promoter shares, at 50.86%, adds to the downward pressure in a falling market, further exacerbating investor concerns. Despite some positive factors such as a high capital adequacy ratio and management efficiency, the overall outlook remains bleak due to poor long-term growth and negative results over the last four quarters. This combination of factors has led to a lack of confidence among investors, resulting in the stock's continued decline.