Why is Asit C Mehta Fin falling/rising?

As of 11-Jun, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 116.00, reflecting a decrease of Rs 8.0 or 6.45%. Today's price summary indicates that the stock has underperformed its sector by 7.47% and opened significantly lower, with a loss of 10.44% at the start of trading. The stock touched an intraday low of Rs 111, showcasing high volatility with an intraday fluctuation of 5.51%. Over the past week, the stock has seen a return of -6.30%, while its year-to-date performance shows a substantial decline of 21.36%. Despite a notable growth in operating profit and attractive valuation metrics, the company is burdened by high debt and weak long-term fundamentals, which contribute to its bearish technical outlook.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.87% over the past week and 5.60% year-to-date. This underperformance is further highlighted by the stock's negative return of -32.52% over the past year, compared to the market's positive return of 5.98%. The company's high debt-to-equity ratio and low return on equity signal challenges in profitability, which may deter investor confidence and participation, as evidenced by a significant drop in delivery volume. Overall, these factors contribute to the stock's downward trajectory amidst a generally positive market environment.