Why is Algoquant Fin falling/rising?

As of 10-Nov, Algoquant Fintech Ltd is experiencing a decline in its stock price, currently at Rs 62.83, which reflects a decrease of Rs 1.79 or 2.77%. The stock has underperformed its sector by 3.86% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.98%. Over the past week, the stock has fallen by 5.06%, while it has shown a significant increase of 20.73% year-to-date and an impressive 337.00% over the last three years. However, recent negative results, including a 63.21% decline in PAT and a 7.1% drop in net sales, have raised concerns among investors. Additionally, the stock's high valuation, with a Price to Book Value of 17.3, and the increase in pledged promoter shares have contributed to the downward pressure on its price.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex only declining by 0.53% over the same week. Despite the stock's strong long-term growth and consistent returns over the past three years, the recent financial setbacks and falling investor participation, evidenced by a 37.48% decrease in delivery volume, indicate a lack of confidence among investors. The liquidity of the stock remains adequate for trading, but the combination of negative financial results and increased pledged shares has created a challenging environment for Algoquant Fintech Ltd, leading to its current price decline.