Why is RBL Bank falling/rising?

As of 09-Sep, RBL Bank Ltd's stock price is currently at 273.15, reflecting a slight increase of 0.4 (0.15%). The stock is trading 2.07% away from its 52-week high of Rs 278.8 and is performing in line with its sector. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.24%, and it has shown a significant year-to-date return of 72.88%, outperforming the Sensex, which has only increased by 3.79%. However, there has been a notable decline in investor participation, with delivery volume dropping by 77.46% compared to the 5-day average. Additionally, while institutional holdings are high at 52.32%, their stake has increased by 16.69% over the previous quarter, indicating confidence among larger investors despite the company's recent negative financial results.
In the broader market context, RBL Bank's short-term performance has slightly outpaced the Sensex, which rose by 1.18% over the past week. However, the company has faced challenges, including negative financial results for the last three consecutive quarters, with a significant drop in profit before tax and net interest income. The stock is considered to have an expensive valuation with a price-to-book value of 1.1, trading at a premium compared to its peers. Despite generating a 29.89% return over the past year, the company's profits have fallen by 58.1%, which raises concerns among investors. Overall, while the stock has shown resilience in the short term, the underlying financial difficulties may contribute to mixed sentiments in the market.