Why is Asit C Mehta Fin falling/rising?

As of 24-Jul, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 133.90, reflecting a decrease of Rs 24.95 or 15.71%. Today's price summary indicates that the stock has underperformed its sector by 14.2% and has fallen after two consecutive days of gains. It opened with a loss of 2.42% and reached an intraday low of Rs 132.55, showcasing high volatility with an intraday fluctuation of 7.8%. Despite a strong performance over the past three and five years, with returns of 127.32% and 215.21% respectively, the stock has underperformed in the last year, generating a return of -13.05% compared to a 2.54% increase in the Sensex. The company's recent financial results show significant growth in operating profit and net sales, but it is also burdened by high debt and weak long-term fundamental strength, which may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been notably better than the benchmark, with a 1-week return of 16.74% compared to a slight decline of 0.09% in the Sensex. However, the stock's year-to-date performance is concerning, with a decline of 9.22% against a 5.18% increase in the benchmark. This underperformance over the past year, coupled with the company's high debt levels and low return on equity, suggests that investors may be cautious, leading to the current downward pressure on the stock price.