Why is Karnataka Bank falling/rising?

As of 22-Jul, Karnataka Bank Ltd's stock price is currently at 190.55, reflecting a decrease of 0.8, or 0.42%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 1.47% during this period. In terms of returns, the stock has shown a negative performance of 1.30% over the past week and 5.15% over the past month, significantly underperforming the benchmark Sensex, which has declined only 0.47% and 0.27%, respectively. Despite strong long-term fundamentals, including a low Gross NPA ratio and a healthy growth rate in net profits, the stock's recent performance has been negatively impacted by disappointing quarterly results, including a significant drop in profit before tax and net interest income.
Broader market context indicates that Karnataka Bank has underperformed relative to the market over the past year, with a return of -14.90% compared to the Sensex's positive return of 2.09%. This underperformance is compounded by a decline in investor participation, as evidenced by a 30.56% drop in delivery volume compared to the five-day average. While the stock has strong institutional backing, with holdings at 32.66%, the recent negative results and overall market conditions have contributed to a lack of investor confidence, leading to the stock's current downward trend.