Why is J&K Bank falling/rising?

As of 26-Aug, The Jammu & Kashmir Bank Ltd. is experiencing a decline in its stock price, currently at 101.20, reflecting a decrease of 1.45 or 1.41%. The stock has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 4.57% during this period. Additionally, the stock's performance over the last week and month shows a decrease of 3.71% and 7.54%, respectively, while it has underperformed the benchmark Sensex, which has only fallen by 1.05% and 0.83% in the same time frames. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed signals. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 19.84% compared to the five-day average.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has shown more resilience in the short term. While J&K Bank has faced a decline, it has demonstrated strong long-term fundamentals, including a 31.04% compound annual growth rate in net profits and a favorable price-to-book ratio of 0.8, suggesting it is undervalued compared to peers. Despite the recent downturn, the bank maintains a solid provisioning coverage ratio of 75.20% and a PEG ratio of 0.3, indicating potential for recovery. However, the negative short-term performance and declining investor interest may be overshadowing these positive factors, contributing to the stock's current downward trajectory.