Why is Karnataka Bank falling/rising?

As of 25-Aug, Karnataka Bank Ltd's stock price is currently at 171.85, reflecting a decrease of 0.2, or 0.12%. The stock's performance today is in line with the sector, although it is trading higher than its 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a decline in investor participation, with delivery volume falling by 13.96% against the 5-day average. Over the past month, the stock has experienced a significant decline of 8.59%, while its year-to-date return shows a drop of 19.81%. Despite a strong lending practice and a low Gross NPA ratio of 3.46%, the company has faced challenges, including negative results for the last three consecutive quarters, leading to a substantial fall in profits.
In the broader market context, Karnataka Bank's short-term return of 0.53% over the past week slightly outperforms the Sensex's return of 0.45%. However, the stock has underperformed significantly over the past year, with a return of -23.01% compared to the Sensex's modest gain of 0.68%. This underperformance is compounded by a decline in net profits by 12.8% over the past year, despite a healthy long-term growth rate of 20.80% in net profits. The high institutional holdings at 32.66% indicate confidence from larger investors, but the recent negative quarterly results have overshadowed these strengths, contributing to the stock's downward movement.