Why is RBL Bank falling/rising?

As of 17-Jul, RBL Bank Ltd's stock price is currently at Rs. 268.70, reflecting a decrease of 0.35 (-0.13%). Despite this slight decline, the stock has shown strong performance over various periods, with a 5.23% increase over the past week and a remarkable 70.06% year-to-date return. The stock hit a new 52-week high of Rs. 271.85 today and has outperformed its sector by 0.41%. Additionally, RBL Bank is trading above its moving averages across multiple time frames, indicating positive momentum. However, it is important to note that while the stock has generated a return of 10.21% over the past year, its profits have fallen by 40.5%, which may contribute to investor caution despite high institutional holdings and a solid capital adequacy ratio.
In the broader market context, RBL Bank's recent performance contrasts sharply with the Sensex, which has declined by 1.12% over the past week. This indicates that RBL Bank is not only performing well relative to the market but also showcases resilience in a challenging environment. The bank's high capital adequacy ratio and increased institutional holdings suggest confidence among larger investors, which may support the stock's stability despite the recent price drop. Overall, while the stock has experienced a minor decline today, its strong historical performance and positive investor sentiment may provide a buffer against broader market fluctuations.