Why is Karur Vysya Bank falling/rising?

As of 11-Jul, Karur Vysya Bank Ltd. is currently priced at Rs 269.35, reflecting a decline of Rs 2.7 or 0.99%. The stock has underperformed its sector today by 0.59% and has experienced a consecutive fall over the last two days, resulting in a total decline of 1.08%. Despite this recent downturn, the stock has shown strong performance over the past month, with a return of 12.02%, and an impressive year-to-date increase of 24.67%. The bank's fundamentals remain robust, highlighted by a low Gross NPA ratio of 0.76%, a high Capital Adequacy Ratio of 16.72%, and consistent net profit growth of 52.55% annually. However, the stock is trading at a premium valuation compared to its peers, which may contribute to the recent price decline.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark Sensex, which has decreased by 1.12% over the past week. While Karur Vysya Bank has shown strong long-term growth, the recent drop in investor participation, with delivery volume falling by 18.75% against the 5-day average, may indicate a lack of confidence among retail investors. Additionally, the stock's current price is 3.04% away from its 52-week high, suggesting that while it has been performing well historically, current market conditions and valuation concerns may be influencing its recent price movement.