Why is Karur Vysya Bank falling/rising?

As of 17-Jul, Karur Vysya Bank Ltd. is experiencing a decline in its stock price, currently at Rs 269.90, which reflects a decrease of 4.0 points or 1.46%. The stock has underperformed its sector by 0.92% today and has seen a trend reversal after two consecutive days of gains. Despite being close to its 52-week high, the stock's delivery volume has fallen significantly, indicating a decrease in investor participation. Over the past month, the stock has shown a strong performance with a return of 9.56%, and it has delivered impressive returns of 33.58% over the last year and 493.19% over the last three years, outperforming the BSE500 index consistently.
In the broader market context, while the stock has shown resilience with substantial long-term growth and strong lending practices, it is currently facing challenges due to a high valuation relative to its peers, as indicated by its Price to Book Value of 1.8. The recent drop in stock price may be attributed to the falling investor participation and the stock's premium valuation despite its solid fundamentals, such as a low Gross NPA ratio and a high Capital Adequacy Ratio. Compared to the benchmark Sensex, which has declined by 1.12% over the past week, Karur Vysya Bank's short-term performance is slightly better, but the recent price movement suggests a cautious sentiment among investors.