Why is Karnataka Bank falling/rising?

As of 09-Sep, Karnataka Bank Ltd's stock price is currently at 174.60, reflecting a slight increase of 0.3 (0.17%). The stock has been gaining for the last two days, with a return of 0.29% during this period. However, it has underperformed in the short term, with a 1-week return of -0.40% compared to the Sensex's gain of +1.18%. The stock's performance is also characterized by a decline in delivery volume, which has fallen by 24.41% against the 5-day average, indicating reduced investor participation. Despite a strong long-term growth outlook, with a 20.80% CAGR in net profits and a low Gross NPA ratio of 3.46%, the stock has faced challenges due to negative results over the last three consecutive quarters, leading to a significant decline of -22.23% over the past year.
In the broader market context, Karnataka Bank's recent performance contrasts with the Sensex, which has shown a positive return of +1.18% over the past week and +1.56% over the past month. The stock's year-to-date performance is notably poor, with a decline of -18.53%, while the benchmark has gained +3.79% during the same period. This underperformance highlights the challenges faced by Karnataka Bank, particularly in light of its recent negative quarterly results, which have contributed to a lack of confidence among investors. The high institutional holdings at 32.66% may provide some stability, but the overall sentiment remains cautious due to the company's recent financial struggles.