Why is Karnataka Bank falling/rising?

As of 01-Aug, Karnataka Bank Ltd's stock price is currently at 178.45, reflecting a decline of 2.25, or 1.25%. The stock has been underperforming, having fallen consecutively for the last 11 days, resulting in a total decline of 7.73% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline of 24.35% over the past year, while its profits have decreased by 2.6%. Despite strong lending practices and a healthy long-term growth rate in net profits, the recent negative financial results, including a substantial drop in profit before tax and net interest income, have contributed to the stock's downward movement.
In the broader market context, Karnataka Bank's performance has been notably weaker than the benchmark, with a 1-week return of -5.08% compared to the Sensex's -1.06%. Over the past month, the stock has declined by 9.35%, while the benchmark has only fallen by 3.70%. This underperformance is compounded by a decrease in investor participation, as evidenced by a drop in delivery volume. Although the stock has a high dividend yield of 3.04% and strong institutional holdings, the overall negative sentiment and recent financial results have overshadowed these positive factors, leading to a continued decline in the stock price.