Why is IndusInd Bank falling/rising?

As of 29-Aug, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 739.90, which reflects a decrease of 6.85 points or 0.92%. The stock has underperformed its sector by 0.69% today and has been on a downward trend for the last three days, accumulating a total loss of 4.16% during this period. Over the past week, the stock has dropped by 2.64%, and its performance over the last month shows a significant decline of 9.10%. Additionally, the stock has generated a staggering return of -47.80% over the past year, while its profits have plummeted by 86.9%. The company has also reported negative results for four consecutive quarters, with a notable increase in gross non-performing assets (NPA) to 3.64%. The high percentage of pledged promoter shares, at 50.86%, adds further pressure on the stock price in a declining market.
In the broader market context, IndusInd Bank's short-term performance has been worse than the benchmark, with the Sensex declining only 1.84% over the same week. The bank's liquidity remains adequate for trading, but the falling investor participation, indicated by a 1.79% drop in delivery volume, suggests a lack of confidence among investors. Despite some positive factors such as a high capital adequacy ratio and management efficiency, the overall sentiment is negative due to poor long-term growth prospects and significant underperformance compared to both the market and its peers. The combination of these factors contributes to the ongoing decline in the stock's price.