Why is IndusInd Bank falling/rising?

As of 22-Sep, IndusInd Bank Ltd. is experiencing a decline in its stock price, currently at 734.00, reflecting a decrease of 9.3 points or 1.25%. The stock has underperformed its sector today by 1.05% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.78%, and it has shown a significant decline of 50.38% over the past year, while its profits have fallen by 86.9%. Additionally, the company has reported negative results for the last four consecutive quarters, with a notable increase in gross non-performing assets (NPA) at 3.64%. The high percentage of pledged promoter shares (50.86%) further adds downward pressure on the stock price in a declining market.
In the broader market context, IndusInd Bank's short-term performance has been notably weaker than the benchmark Sensex, which has gained 0.46% 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%. Despite having a high capital adequacy ratio of 16.39% and a fair valuation compared to peers, the overall negative sentiment surrounding the stock, driven by its substantial losses and underperformance relative to the BSE500, continues to weigh heavily on its price.