Why is Karnataka Bank falling/rising?

As of 25-Jul, Karnataka Bank Ltd's stock price is currently at 188.00, reflecting a decrease of 0.7, or 0.37%. The stock has been experiencing a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 2.79% during this period. In terms of performance against benchmarks, Karnataka Bank has underperformed significantly over various time frames, with a 1-week return of -1.93% compared to the Sensex's -0.36%, and a year-to-date return of -12.27% versus the Sensex's positive 4.25%. Despite strong long-term fundamentals, including a low Gross NPA ratio of 3.08% and a robust 24.13% CAGR growth in net profits, 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 indicates that while the overall market has seen a slight decline, Karnataka Bank's performance has been markedly worse, with a one-year return of -18.42% compared to the broader market's -0.19%. This stark contrast highlights the stock's struggles, particularly in light of falling investor participation, as evidenced by an 11.08% decrease in delivery volume against the five-day average. Additionally, the stock is trading below all major moving averages, suggesting a bearish sentiment among investors. Although there is high institutional ownership, which typically indicates confidence in the company's fundamentals, the recent negative financial results have overshadowed these strengths, contributing to the stock's decline.