Why is IndusInd Bank falling/rising?

As of 04-Sep, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 754.65, which reflects a decrease of 13.65 points or 1.78%. The stock has underperformed its sector by 2.09% today, and while it is higher than its 5-day moving average, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.06%, but it has seen a significant decline of 6.13% over the past month and a staggering 47.39% drop over the past year. The company has faced negative financial results, with profits falling by 86.9% and a high gross NPA of 3.64%. Additionally, 50.86% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, IndusInd Bank's recent performance contrasts with the Sensex, which has increased by 0.80% over the past week. The bank's long-term growth prospects appear poor, with a net profit decline at an annual rate of 19.36% and negative results reported for the last four consecutive quarters. This underperformance is further highlighted by the stock's returns over various periods, where it has lagged behind the BSE500 index in the last three years, one year, and three months. The combination of declining investor participation, poor financial results, and high pledged shares contributes to the stock's downward trajectory.