Why is Arihant Capital falling/rising?

As of 18-Jul, Arihant Capital Markets Ltd is experiencing a decline in its stock price, currently at 86.13, which reflects a decrease of 1.47 or 1.68%. The stock has underperformed its sector by 1.39% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.35% during this period. Despite the stock's long-term fundamental strength, indicated by a solid average Return on Equity (ROE) of 17.75% and healthy growth in net sales and operating profit, it has faced challenges as profits have fallen by 35.5% over the past year. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the recent price decline.
In the broader market context, the stock's performance over the past week shows a decline of 2.56%, while the benchmark Sensex has only decreased by 0.90%, highlighting a notable underperformance relative to the market. Over the past month, however, Arihant Capital has shown a positive return of 15.30%, significantly outperforming the Sensex's modest gain of 0.38%. This contrast suggests that while the stock has had a strong recent month, its current downward movement may be influenced by short-term selling pressures and reduced trading activity, despite its attractive long-term valuation compared to peers.