Why is Karnataka Bank falling/rising?

As of 24-Jul, Karnataka Bank Ltd's stock price is currently at 188.70, reflecting a decrease of 0.75, or 0.4%. The stock has been on a downward trend, having lost 2.43% over the past week and 8.35% over the last month. It has also experienced a consecutive decline for the last five days. Despite a rise in delivery volume by 29.53% against the five-day average, the stock is trading below its moving averages across various timeframes. The company's strong lending practices and low Gross NPA ratio of 3.08% are positive factors, but the recent negative financial results, including a significant drop in profit before tax and net interest income, have contributed to the stock's decline. Additionally, the stock has underperformed the market over the past year, generating a return of -17.18% compared to the benchmark's positive performance.
In the broader market context, Karnataka Bank's short-term performance has lagged behind the Sensex, which has only seen a slight decline of 0.09% over the past week. The stock's year-to-date performance is also concerning, with a drop of 11.95% compared to the Sensex's gain of 5.18%. While the bank has shown strong long-term fundamental strength with a 24.13% CAGR growth in net profits, the recent negative results and overall underperformance relative to the market have likely influenced investor sentiment, leading to the stock's current downward trajectory.