Why is Karnataka Bank falling/rising?

As of 17-Jul, Karnataka Bank Ltd's stock price is currently at 193.40, reflecting a slight increase of 0.3, or 0.16%. The stock has been gaining for the last two days, with a total return of 0.18% during this period. However, despite this recent uptick, the stock's performance over the past month shows a decline of 5.66%, and it has experienced a significant drop of 14.59% over the past year. The stock is currently outperforming its sector by 0.7%, but there has been a notable decrease in investor participation, with delivery volume falling by 15.95% compared to the five-day average. The company's strong lending practices, characterized by a low Gross NPA ratio of 3.08%, and a robust long-term fundamental strength with a CAGR growth in net profits of 24.13% contribute positively to its valuation. However, the stock's performance has been hindered by a 2.6% decline in profits over the past year.
In the broader market context, Karnataka Bank's short-term return of +1.12% over the past week contrasts with the Sensex, which has declined by 1.12% during the same period. This indicates that the stock is performing relatively well compared to the benchmark index in the short term. Nevertheless, the stock's year-to-date performance shows a decline of 9.75%, while the Sensex has gained 5.27%, highlighting a significant underperformance over a longer timeframe. The high institutional holdings at 31.04% suggest that knowledgeable investors are backing the stock, which may provide some stability amidst the recent volatility.