Why is Karur Vysya Bank falling/rising?

As of 29-Aug, Karur Vysya Bank Ltd. is experiencing a slight decline in its stock price, currently at 212.90, reflecting a decrease of 0.1 (-0.05%). The stock has been under pressure, having fallen for the last three consecutive days, resulting in a total drop of -2.73% during this period. While the stock is trading above its 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages. Additionally, there has been a significant decrease in investor participation, with delivery volume dropping by 59% compared to the 5-day average. Despite these short-term challenges, the bank has shown strong fundamentals, including a low Gross NPA ratio of 0.66%, a high Capital Adequacy Ratio of 16.43%, and consistent profit growth, which may support its long-term valuation.
In the broader market context, the stock's performance over the past week has been slightly better than the benchmark Sensex, with a decline of -0.83% compared to the Sensex's -1.84%. Year-to-date, Karur Vysya Bank has outperformed the Sensex significantly, with a return of +18.73% against the benchmark's +2.14%. This indicates that while the stock is facing short-term headwinds, its long-term growth prospects remain strong, supported by healthy institutional holdings and consistent returns over the past three years.