Why is Pun. & Sind Bank falling/rising?

As of 04-September, Punjab & Sind Bank's stock price is currently at 28.43, reflecting a decrease of 0.45, or 1.56%. The stock has recently underperformed its sector by 0.51% and has experienced a trend reversal, falling after four consecutive days of gains. In the past week, the stock has increased by 2.67%, but over the past month, it has declined by 2.13%. Despite strong long-term fundamentals, including a 24.77% CAGR growth in net profits and positive results for the last five consecutive quarters, the stock's performance has been hindered by an expensive valuation, as indicated by a ROA of 0.7 and a Price to Book Value of 1.5. Additionally, falling participation from institutional investors, who have decreased their stake by 0.73%, suggests a lack of confidence in the stock's potential.
Broader market context indicates that while the stock has underperformed significantly over the past year with a return of -50.84%, the benchmark index, BSE500, has only fallen by -4.38%. This stark contrast highlights the stock's struggles relative to the broader market. The decline in investor participation, particularly from institutional investors, further exacerbates the stock's challenges, as these investors typically possess greater analytical resources. Overall, the combination of recent price movements, declining investor interest, and a significant underperformance compared to the market contributes to the current downward trend in Punjab & Sind Bank's stock price.