Why is Ashika Credit falling/rising?

As of 18-Aug, Ashika Credit Capital Ltd is currently priced at 386.90, reflecting an increase of 1.6, or 0.42%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent underperformance against its sector by 1.83%, the company reported very positive results with a significant growth in operating profit of 291.64% and net sales of Rs 72.23 crore. However, the stock has a weak long-term fundamental strength, evidenced by a low return on equity of 7.17% and an expensive valuation relative to its peers, which may contribute to investor caution.
In the broader market context, the stock has underperformed the Sensex in the short term, with a 1-week return of -0.03% compared to the benchmark's gain of +0.83%. Despite a strong performance over the past year, where it generated an 82.33% return, the stock's long-term growth has been hindered by a significant decline in profits. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in the stock's valuation or business prospects, further influencing its price movements.