Why is Union Bank (I) falling/rising?

As of 05-Aug, Union Bank of India is experiencing a decline in its stock price, currently at 128.00, reflecting a decrease of 1.05 or 0.81%. The stock has underperformed its sector by 1.15% today, and while it is trading higher than its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 3.58%, and in the last month, it has fallen by 16.37%. Despite these short-term declines, the company has shown strong long-term fundamentals, including a significant growth in net profits and a high dividend yield of 3.64%. The positive results over the last four consecutive quarters and a low gross NPA ratio of 3.52% indicate solid financial health, which may support the stock's value in the long run.
In the broader market context, Union Bank's recent performance contrasts with the Sensex, which has only declined by 0.77% over the past week. This suggests that the bank's short-term challenges are more pronounced than the overall market conditions. However, the stock has outperformed the BSE500 in each of the last three annual periods, indicating resilience in the long term. The increase in institutional investor participation, with a 0.89% rise in their stake, reflects confidence in the company's fundamentals, which could provide some support against the current downward trend. Overall, while short-term performance is weak, the underlying fundamentals and institutional interest may offer a more optimistic outlook for the future.