Why is T N Merc. Bank falling/rising?

As of 05-Aug, Tamilnad Mercantile Bank Ltd's stock price is currently at 432.45, reflecting a decrease of 5.15, or 1.18%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.92% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a drop of 32.93% compared to the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Tamilnad Mercantile Bank's performance over the past week shows a decline of 3.58%, while the benchmark Sensex has only decreased by 0.77%. This indicates that the bank's stock is underperforming relative to the market. Over the past month, the stock has fallen by 3.02%, compared to a slightly larger decline of 3.26% for the Sensex, further highlighting the stock's weakness. Year-to-date, the bank's stock is down 4.43%, contrasting with the Sensex's gain of 3.29%, which underscores the challenges faced by Tamilnad Mercantile Bank in the current market environment.