Why is Kotak Mah. Bank falling/rising?

As of 28-Aug, Kotak Mahindra Bank Ltd is experiencing a decline in its stock price, currently at 1,946.10, reflecting a decrease of 19.1 points or 0.97%. The stock has been on a downward trend, losing value for the last six consecutive days, resulting in a total decline of 4.25% during this period. Despite this recent downturn, the bank has shown strong long-term fundamentals, with a healthy average Return on Assets (ROA) of 2.43% and significant growth in Net Interest Income and net profit. Additionally, the bank's high Capital Adequacy Ratio of 21.44% indicates a solid buffer against risks, which may support its long-term stability. However, the stock is currently trading below its moving averages across various time frames, which may contribute to the negative sentiment among investors.
In the broader market context, Kotak Mahindra Bank's short-term performance has underperformed compared to the benchmark Sensex, which has declined by 2.34% over the past week, while the bank's stock has fallen by 3.57%. This underperformance in the short term contrasts with the bank's year-to-date return of 8.95%, which significantly outpaces the Sensex's 2.48% gain. The recent increase in investor participation, as indicated by a rise in delivery volume, suggests some interest in the stock despite its current challenges. Overall, while the stock has demonstrated resilience in the long term, recent price movements and market conditions have led to a decline in its value.