Why is Karnataka Bank falling/rising?

As of 21-Aug, Karnataka Bank Ltd's stock price is currently at 171.60, reflecting a decrease of 0.35, or 0.2%. The stock has underperformed its sector by 0.51% today and has been on a consecutive decline for the last two days, resulting in a total drop of 0.69% during this period. Over the past month, the stock has seen a significant decline of 10.32%, while its year-to-date performance shows a steep drop of 19.93%. Despite strong fundamentals, such as a low Gross NPA ratio of 3.46% and a healthy 20.80% CAGR growth in net profits, the stock has faced challenges, including negative results over the last three consecutive quarters, which have negatively impacted investor sentiment.
Broader market context indicates that Karnataka Bank's performance has lagged behind the benchmark, with the Sensex gaining 1.74% over the past week while the stock only increased by 0.94%. In the last year, the stock has underperformed significantly, with a return of -22.21% compared to the market's decline of only -1.56%. The falling investor participation, as evidenced by a 23.8% drop in delivery volume, suggests waning interest among traders, further contributing to the stock's downward trajectory. Despite high institutional holdings at 32.66%, which typically provide stability, the recent negative financial results have overshadowed these strengths, leading to a bearish outlook for the stock.