Why is Karnataka Bank falling/rising?

As of 29-Jul, Karnataka Bank Ltd's stock price is currently at 183.65, reflecting a decrease of 1.15, or 0.62%. The stock has been underperforming, having fallen consecutively for the last eight days, resulting in a total decline of 5.04% during this period. In the past week, the stock has decreased by 3.62%, and over the last month, it has dropped 11.58%. Despite a strong long-term fundamental strength indicated by a 24.13% CAGR growth in net profits and a low Gross NPA ratio of 3.08%, the stock's performance has been negatively impacted by recent financial results, including a significant drop in profit before tax and net interest income. Additionally, while institutional holdings are high at 32.66%, the stock has still generated a return of -24.59% over the past year, indicating a substantial underperformance relative to its peers.
In the broader market context, Karnataka Bank's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.03% over the past week and has shown a positive return of 4.09% year-to-date. This stark difference highlights the stock's struggle to keep pace with the market, further exacerbated by its negative returns over the past year. Although there has been a rise in investor participation, with delivery volume increasing significantly, the overall sentiment remains bearish due to the stock's continued decline and disappointing financial results.