Why is Karnataka Bank falling/rising?

As of 08-Jul, Karnataka Bank Ltd's stock price is currently at 193.45, reflecting an increase of 0.45 or 0.23%. However, the stock has underperformed in the short term, with a 1-week return of -1.73% and a 1-month return of -2.32%. Today's price summary indicates that the stock has underperformed its sector by 0.48%, and there has been a significant decline in investor participation, with delivery volume dropping by 74.74% compared to the 5-day average. Despite strong long-term fundamentals, including a low Gross NPA ratio of 3.08% and a healthy CAGR growth in net profits of 24.13%, the stock's recent performance has been negatively impacted by disappointing quarterly results, including a substantial drop in profit before tax and net interest income.
Broader market context shows that while the Sensex has generated a slight positive return of 0.02% over the past week, Karnataka Bank's performance has been notably weaker, indicating a divergence from the broader market trends. The stock has also underperformed the market over the past year, with a return of -12.56% compared to the Sensex's 4.69%. This underperformance, coupled with the recent negative quarterly results, suggests that investor sentiment may be cautious, leading to the stock's current price movement despite its attractive long-term valuation and strong institutional holdings.