Why is Karur Vysya Bank falling/rising?

As of 28-Jul, Karur Vysya Bank Ltd. is experiencing a decline in its stock price, currently at 260.25, reflecting a decrease of 0.7 or 0.27%. The stock has been losing for the last two days, resulting in a total drop of 4.14% during this period. Despite this recent downturn, the bank has shown strong performance over the longer term, with a year-to-date increase of 20.46% and a remarkable 349.87% rise over the past three years. The stock is currently outperforming its sector by 0.48%, and there has been a notable increase in investor participation, with delivery volume rising by 83.61% against the five-day average. Additionally, the bank's strong fundamentals, including a low Gross NPA ratio of 0.66% and a high Capital Adequacy Ratio of 16.46%, contribute positively to its valuation, alongside consistent net profit growth.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week decline of 3.59% against a 1.59% drop in the Sensex. However, the bank's long-term returns significantly outpace the benchmark, indicating resilience and strong investor confidence. The high institutional holdings at 54.89% suggest that knowledgeable investors are backing the stock, which may provide stability despite recent fluctuations. Overall, while the stock is currently facing a short-term decline, its strong fundamentals and long-term growth trajectory position it favorably in the market.