Why is Karnataka Bank falling/rising?

As of 18-Aug, Karnataka Bank Ltd's stock price is currently at 170.95, reflecting an increase of 0.95 or 0.56%. The stock has shown a trend reversal by gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed in the short term, with a 1-week return of -0.93% compared to the Sensex's gain of +0.83%. Additionally, the delivery volume has decreased significantly, falling by 29.34% against the 5-day average, which suggests a decline in investor participation. Despite these challenges, the company boasts strong lending practices, a low Gross NPA ratio of 3.46%, and a high dividend yield of 3.23%, which may provide some support to the stock.
In the broader market context, Karnataka Bank has significantly underperformed the benchmark over the past year, with a return of -20.56% compared to the Sensex's gain of +1.04%. This underperformance is compounded by the company's negative results over the last three quarters, including a substantial drop in profit before tax and net interest income. While the stock has shown strong long-term fundamentals, including a 20.80% CAGR growth in net profits and high institutional holdings at 32.66%, the recent negative financial performance and declining investor interest have overshadowed these positives, contributing to the stock's current price movement.