Why is Kotak Mah. Bank falling/rising?

As of 01-Jul, Kotak Mahindra Bank Ltd's stock price is currently at 2,183.80, reflecting an increase of 20.7 points or 0.96%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume by 22.61% against the 5-day average, the stock is outperforming its sector by 0.9%. Over the past year, the stock has generated a return of 20.74%, significantly higher than the market's return of 3.20%. The bank's strong long-term fundamentals, including a high Capital Adequacy Ratio of 20.68% and an average Return on Assets (ROA) of 2.23%, contribute positively to its performance, alongside an increase in institutional holdings by 0.52% over the previous quarter.
In the broader market context, Kotak Mahindra Bank's short-term performance has lagged behind the benchmark, with a 1-week return of -1.48% compared to the Sensex's gain of +2.00%. However, the stock's year-to-date performance of +22.25% surpasses the Sensex's +7.11%, indicating strong long-term growth potential. The bank's healthy net profit growth of 18.28% and consistent net interest income further support its resilience in a fluctuating market. Overall, while the stock faces short-term challenges, its solid fundamentals and institutional backing provide a foundation for potential recovery.