Why is Karnataka Bank falling/rising?

As of 31-Jul, Karnataka Bank Ltd's stock price is currently at 180.70, reflecting a decrease of 1.65, or 0.9%. The stock has been underperforming significantly, having fallen consecutively for the last 10 days, resulting in a total decline of 6.57% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week and month shows declines of 4.24% and 8.20%, respectively, while its year-to-date performance is down 15.68%. Despite a strong long-term fundamental strength with a 24.13% CAGR growth in net profits and a low gross NPA ratio of 3.08%, the stock has faced negative sentiment due to recent poor financial results, including a significant drop in profit before tax and net interest income.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a decline of 1.22% over the past week and 3.00% over the past month, Karnataka Bank's performance has been notably worse. The stock's year-long return of -24.27% starkly contrasts with the Sensex's minor decline of 0.68%, indicating that it has underperformed the market significantly. The falling investor participation, as evidenced by a 36.81% drop in delivery volume, further exacerbates the stock's challenges. While high institutional holdings at 32.66% suggest some confidence in the company's fundamentals, the recent negative results and overall market conditions have contributed to the stock's downward trajectory.