Why is Kotak Mah. Bank falling/rising?

As of 27-Jun, Kotak Mahindra Bank Ltd is experiencing a slight decline in its stock price, currently at Rs 2,208.00, which reflects a decrease of -0.65 or -0.03%. Despite this minor drop, the stock has shown positive performance over the past week and month, with returns of +1.78% and +6.22%, respectively. It is also trading above its moving averages, indicating a generally favorable trend. However, the stock underperformed its sector by -0.37% today. While the bank has strong long-term fundamentals, including a high Capital Adequacy Ratio and significant institutional holdings, it faces challenges such as flat quarterly results and a high valuation relative to its peers.
In the broader market context, the stock's recent performance has lagged behind the benchmark Sensex, which has increased by +2.00% over the past week. Although Kotak Mahindra Bank has outperformed the market over the past year with a return of +20.60% compared to the Sensex's +6.08%, the current decline may reflect investor concerns over its recent quarterly performance and high valuation metrics. The stock's liquidity remains strong, which could support future trading activity, but the combination of flat results and a premium valuation may be contributing to the current price movement.