Why is Asit C Mehta Fin falling/rising?

As of 25-Jul, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 129.00, which reflects a decrease of Rs 4.9 or 3.66%. The stock has underperformed its sector by 2.19% today and has been on a consecutive downward trend for the last two days, resulting in a significant drop of 18.79% in returns during this period. Despite trading above its moving averages, the stock's performance over the past year has been poor, with a return of -14.00%, while the company's operating profit has shown substantial growth of 1146.67%. However, the high debt levels and weak long-term fundamental strength, indicated by a low Return on Equity of 3.72%, contribute to a negative outlook for the stock.
In the broader market context, the stock's short-term performance has been notably better than the benchmark Sensex over the past week and month, with returns of +14.11% and +18.62%, respectively, compared to the Sensex's -0.36% and -1.56%. However, the stock has underperformed the market over the past year, where the Sensex has gained 1.78%. This disparity highlights the challenges faced by Asit C Mehta Financial Services Ltd, as it struggles with high debt and weak profitability, despite some positive operational metrics.