Why is J&K Bank falling/rising?

As of 10-Sep, The Jammu & Kashmir Bank Ltd. has experienced a price increase, currently trading at 101.14, reflecting a rise of 0.94 (0.94%). Despite this recent uptick, the stock has underperformed its sector by 0.99% today and has shown a decline of 1.73% over the past week and 0.99% over the past month. The stock has been gaining for the last two days, with a return of 0.99% during this period. However, it is important to note that the stock's delivery volume has decreased by 32.24% compared to the five-day average, indicating falling investor participation. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, suggesting mixed signals regarding its momentum. The company has strong long-term fundamentals, including a 31.04% CAGR growth in net profits and a provision coverage ratio of 75.20%, which may support its valuation despite recent price fluctuations.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 1.06% over the past week. While the stock has generated a negative return of 4.58% over the past year, its profits have increased by 15.9%, leading to a favorable PEG ratio of 0.3, indicating that it may be undervalued compared to its peers. The stock's long-term growth potential, highlighted by a significant increase of 211.20% over the past three years, contrasts with its recent struggles, suggesting that while current market conditions may be challenging, the underlying fundamentals remain strong.