Why is Karur Vysya Bank falling/rising?

As of 11-Aug, Karur Vysya Bank Ltd. is experiencing a decline in its stock price, currently at 261.40, which reflects a decrease of 1.7 or 0.65%. The stock has underperformed its sector today by 1.44%, despite being above its 5-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant increase in investor participation, with a delivery volume rise of 46.08% against the 5-day average. Over the past year, the stock has generated a return of 21.58%, while its profits have increased by 17.6%, indicating strong fundamentals. The bank's low Gross NPA ratio of 0.66% and high Capital Adequacy Ratio of 16.43% further support its strong lending practices and risk management, contributing to a fair valuation despite trading at a premium compared to peers.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.78%, which is slightly worse than the benchmark Sensex's decline of 0.51%. Although the stock has performed well over the longer term, with a remarkable 310.04% increase over the past three years, the recent underperformance may reflect broader market trends or sector-specific challenges. The high institutional holdings at 54.89% suggest that informed investors are confident in the bank's fundamentals, yet the current price movement indicates a cautious sentiment among retail investors.