Why is Arihant Capital falling/rising?

As of 25-Jul, Arihant Capital Markets Ltd is currently priced at 101.27, experiencing a slight decline of -0.03 (-0.03%). The stock has been under pressure recently, having fallen for the last two days with a total return decrease of -3.17%. Despite this short-term decline, the stock has outperformed its sector by 2.09% today and has shown strong performance over the past week and month, with returns of +17.58% and +16.19%, respectively. However, it is important to note that while the stock has generated a return of 26.92% over the past year, its profits have decreased by -35.5%, which may be contributing to the current price movement. The stock is also trading above its moving averages, indicating some underlying strength, but a drop in investor participation, with delivery volume falling by -24.05%, suggests a potential lack of confidence among investors.
In the broader market context, the stock's recent performance contrasts with the overall market, as the Sensex has experienced a slight decline of -0.36% over the past week and a more significant drop of -1.56% over the past month. Although Arihant Capital has shown resilience with positive returns compared to the benchmark, the finance/NBFC sector has faced a downturn of -2.12%, which may be impacting investor sentiment. The stock's attractive valuation, with a Price to Book Value of 2.7 and a solid long-term fundamental strength indicated by an average Return on Equity (ROE) of 17.75%, suggests that it may still hold potential for recovery despite the recent price decline.