Why is IndusInd Bank falling/rising?

As of 22-Aug, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 759.95, which reflects a decrease of 7.6 points or 0.99%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 3.62% during this period. Additionally, the stock has underperformed significantly over various time frames, with a year-to-date return of -20.86% and a staggering -45.06% over the past year. Despite a high management efficiency indicated by a return on assets (ROA) of 1.63% and a solid capital adequacy ratio of 16.39%, the stock is trading at a premium compared to its peers, which may deter investors. The negative sentiment is further compounded by a substantial decline in profits, which have fallen by 86.9% over the past year, and the company has reported negative results for the last four consecutive quarters.
In the broader market context, IndusInd Bank's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.88% over the past week while the bank's stock has decreased by 1.28%. This underperformance is indicative of broader concerns regarding the bank's long-term growth prospects, as evidenced by a negative annual growth rate of net profit at -19.36%. Moreover, the high percentage of pledged promoter shares (50.86%) adds to the downward pressure on the stock, especially in a falling market. Overall, the combination of poor financial results, high valuations relative to peers, and negative market sentiment has contributed to the stock's decline.