Why is Kotak Mah. Bank falling/rising?

As of 10-Jul, Kotak Mahindra Bank Ltd's stock price is currently at 2,218.90, reflecting a decrease of 9.45 points or 0.42%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, it is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 4.36%, outperforming the Sensex, which has seen a slight decline of 0.06%. However, there has been a notable drop in investor participation, with delivery volume falling by 37.68% compared to the 5-day average. The stock has shown strong long-term performance with a 21.18% return over the past year, significantly higher than the market's average return of 4.09%.
In the broader market context, while Kotak Mahindra Bank has outperformed the benchmark in the short term, the recent price drop may be attributed to a combination of factors, including flat quarterly results and a high valuation relative to its peers. The bank's profit before tax and net profit have both fallen compared to previous quarters, raising concerns about its profitability despite its strong capital adequacy ratio and institutional holdings. The stock's premium valuation, with a price-to-book ratio of 3.8, may also be contributing to the downward pressure as investors reassess its growth potential in light of recent earnings performance.