Why is Union Bank (I) falling/rising?

As of 08-Aug, Union Bank of India is currently priced at 130.90, reflecting a decline of 1.55, or 1.17%. Today's price summary indicates that the stock has underperformed its sector by 0.95% and has experienced a trend reversal, falling after two consecutive days of gains. The stock's performance over the past week shows a modest increase of 2.19%, although it has declined by 12.97% over the past month. Despite this recent downturn, the company has demonstrated strong long-term fundamentals, including a significant growth in net profits and a high dividend yield of 3.55%. Additionally, institutional investors have increased their stake, indicating confidence in the company's prospects.
In the broader market context, Union Bank's recent performance contrasts with the Sensex, which has decreased by 0.92% over the past week. While the stock has shown resilience with a year-to-date return of 8.77%, its recent decline may be attributed to falling investor participation, as evidenced by an 8.18% drop in delivery volume compared to the five-day average. The stock is currently trading above its 5-day and 200-day moving averages but below its 20-day, 50-day, and 100-day moving averages, suggesting mixed signals in terms of momentum. Overall, while the stock has strong fundamentals and long-term growth potential, the recent price movement reflects short-term volatility and market sentiment challenges.