Why is Karnataka Bank falling/rising?

As of 26-Aug, Karnataka Bank Ltd is experiencing a decline in its stock price, currently at 170.80, which reflects a decrease of 1.05 or 0.61%. The stock has been underperforming recently, having fallen for the last two consecutive days with a total return of -0.73%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, down by 26.39% compared to the 5-day average, suggesting a drop in investor participation. Despite a high dividend yield of 3.2% and strong long-term fundamentals, including a low Gross NPA ratio and a robust CAGR growth in net profits, the stock's performance has been negatively impacted by three consecutive quarters of negative results, including a significant drop in profit before tax and net interest income.
In the broader market context, Karnataka Bank's short-term performance has lagged behind the benchmark, with a 1-week return of -1.16% compared to the Sensex's -1.05%. Over the past year, the stock has underperformed the market significantly, with a return of -23.70% against the BSE500's -3.87%. This stark contrast highlights the challenges the bank faces, despite having high institutional holdings and attractive valuations compared to peers. The combination of negative quarterly results and a substantial decline in stock price relative to the market has contributed to the ongoing downward trend in Karnataka Bank's stock.