Why is Karnataka Bank falling/rising?

As of 12-Aug, Karnataka Bank Ltd's stock price is currently at 172.30, reflecting a decrease of 0.25, or 0.14%. The stock has underperformed significantly over the past week and month, with returns of -3.66% and -9.55%, respectively. Despite this, the stock has shown some positive movement today, outperforming its sector by 0.86%. However, it is trading below all its moving averages, indicating a bearish trend. The company has a strong lending practice with a low Gross NPA ratio of 3.08% and a healthy long-term growth rate in net profits at 24.13% CAGR. Nonetheless, the stock has faced challenges, including a significant decline in profits and a return of -21.88% over the past year, which is much worse than the broader market's decline of -2.11%.
In the broader market context, Karnataka Bank's recent performance has been notably weaker than the benchmark, as evidenced by its substantial negative returns compared to the Sensex. The stock's liquidity appears adequate, with a delivery volume increase of 2.3% against the 5-day average, and high institutional holdings at 32.66% suggest confidence from larger investors. However, the negative results reported in March, including a drastic fall in profit before tax and net interest income, have contributed to the stock's downward pressure. Overall, while there are some positive indicators, the combination of poor recent financial performance and significant underperformance relative to the market has led to the stock's current decline.