Why is Union Bank (I) falling/rising?

As of 28-Jul, Union Bank of India is experiencing a decline in its stock price, currently at Rs 133.40, which reflects a decrease of Rs 2.85 or 2.09%. The stock has been underperforming, having lost 8% over the last two days and is currently lower than its 5-day, 20-day, 50-day, and 100-day moving averages, despite being above the 200-day moving average. The recent performance shows a 6.55% decline over the past week and a 10.56% drop over the past month, while it has generated a modest return of 0.34% over the last year. Positive factors include strong provisioning practices, consistent profit growth, and a high dividend yield of 3.45%, which may support the stock's valuation. However, the recent consecutive falls and underperformance against the sector indicate a negative sentiment among investors.
In the broader market context, Union Bank's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.59% over the past week and 3.77% over the past month. This stark contrast suggests that while the overall market is experiencing a downturn, Union Bank's performance is particularly weak. The increasing participation of institutional investors, who have raised their stake in the company, could provide some support; however, the current trend indicates that the stock is struggling to maintain investor confidence amidst recent price declines.