Why is Ashika Credit falling/rising?

As of 26-Aug, Ashika Credit Capital Ltd is experiencing a decline in its stock price, currently at Rs 370.00, which reflects a decrease of Rs 7.0 or 1.86%. The stock has been on a downward trend, losing value for the last three consecutive days with a total drop of 3.66% during this period. Although it opened with a gain of 2% today and reached an intraday high of Rs 388, it is trading below all key moving averages, indicating weakness. The stock's performance over the past week shows a decline of 3.52%, while its year-to-date performance is significantly negative at -55.48%. Positive factors include a remarkable growth in operating profit and net sales, but these are overshadowed by weak long-term fundamentals and a high price-to-book ratio, which suggest that the stock may be overvalued.
In the broader market context, the finance/NBFC sector has also seen a decline of 2.01%, contributing to the stock's downward movement. Compared to the benchmark Sensex, Ashika Credit's short-term performance has been notably worse, with a 1-week return of -3.52% against the Sensex's -1.05%. Despite the company's ability to generate a 54.94% return over the past year, the overall negative sentiment in the market and the lack of confidence from domestic mutual funds, which hold no stake in the company, indicate that investors may be cautious about the stock's future prospects.