Why is Ashika Credit falling/rising?

As of 05-Sep, Ashika Credit Capital Ltd's stock price is currently at Rs 371.35, reflecting a decrease of Rs 8.65 or 2.28%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total decline of 3.04%. In terms of returns, the stock has shown a mixed performance; while it gained 1.46% over the past week, it has dropped 8.48% over the last month and is down 55.31% year-to-date. Despite a significant growth in operating profit and net sales, the stock's long-term fundamentals appear weak, with a low return on equity and a high price-to-book value compared to peers, which may contribute to investor caution.
Broader market context indicates that while the stock has outperformed the broader market over the past year with a return of 32.81%, the overall market, represented by the Sensex, has shown a slight decline of 1.81%. In the short term, the stock's performance has been less favorable compared to the benchmark, particularly in the last month where it has significantly underperformed the market. The lack of domestic mutual fund investment further suggests that institutional investors may be wary of the stock's valuation and long-term prospects, which could be influencing its current downward price movement.