Why is J&K Bank falling/rising?

As of 03-Jul, The Jammu & Kashmir Bank Ltd. is currently priced at 112.70, reflecting a decrease of 1.1, or 0.97%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 3.43% during this period. Despite this recent drop, the stock has shown strong performance over the longer term, with a 1-week return of 3.68% and a 1-month return of 8.73%. However, there has been a notable decrease in investor participation, as evidenced by a 46.04% drop in delivery volume compared to the 5-day average. While the stock is trading above its moving averages, the recent negative momentum may be influenced by flat quarterly results, including a significant drop in profit before tax and operating profit margins.
In the broader market context, J&K Bank's short-term performance contrasts with the benchmark Sensex, which has declined by 0.62% over the past week. Despite the recent price drop, the bank has demonstrated strong long-term fundamentals, including a 30.79% compound annual growth rate in net profits and a favorable price-to-book value ratio of 0.9, suggesting it is trading at a fair valuation compared to peers. However, the stock's year-over-year return of -1.62% indicates some challenges, particularly in light of recent operational performance issues. Overall, while the stock has strong long-term potential, the recent price movement reflects short-term pressures that investors are currently weighing.