Why is Asit C Mehta Fin falling/rising?

As of 04-September, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 130.10, which reflects a decrease of Rs 10.9 or 7.73%. Today's price summary indicates that the stock underperformed its sector by 6.93%, opening with a loss of 3.97% and reaching an intraday low of Rs 130, down 7.8%. Over the past week, the stock has fallen by 5.04%, and it has shown a year-to-date decline of 11.80%. Despite a rise in profits by 62.3% over the past year, the company is facing significant challenges, including operating losses and a high debt-to-equity ratio of 4.99 times, which contribute to its weak long-term fundamental strength.
Broader market context shows that the stock has consistently underperformed against the benchmark, with a return of -9.59% over the last year compared to a -1.98% decline in the Sensex. This trend of underperformance has been evident over the last three years, where the stock has lagged behind the BSE500 in each annual period. The falling investor participation, as indicated by a 47.39% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors in the company's future prospects.