Why is Union Bank (I) falling/rising?

As of 29-Jul, Union Bank of India is experiencing a decline in its stock price, currently at 132.75, which reflects a decrease of 0.65 or 0.49%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.28% during this period. Additionally, the stock's performance over the past week shows a significant drop of 7.10%, while it has also underperformed the sector by 0.69% today. Despite these short-term challenges, the bank has demonstrated strong long-term fundamentals, including a robust provision coverage ratio of 76.46% and a substantial growth in net profits at a CAGR of 132.49%. The company has also consistently reported positive results over the last four quarters, contributing to a high dividend yield of 3.52%, which may attract some investors despite the recent price decline.
In the broader market context, Union Bank's recent performance contrasts with the benchmark Sensex, which has only decreased by 1.03% over the past week. This indicates that while the bank's stock is facing significant short-term challenges, the overall market is experiencing a milder downturn. The stock's long-term performance remains strong, with a 247.97% increase over the past three years, suggesting that institutional investors are recognizing its potential, as evidenced by a 0.89% increase in their stake. However, the recent price movements reflect a combination of short-term volatility and market sentiment, which may not fully align with the bank's underlying financial strength.