Why is Asit C Mehta Fin falling/rising?

As of 17-Sep, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 139.20, which represents a decrease of Rs 5.8 or 4.0%. The stock has underperformed its sector by 4.65% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 138.1, indicating a significant drop. Over the past week, the stock has decreased by 1.97%, and its year-to-date performance shows a decline of 5.63%. Despite a very attractive valuation with a return on capital employed (ROCE) of 2.1 and a trading discount compared to peers, the company is facing challenges such as operating losses, a high debt-to-equity ratio of 4.99, and a significant drop in net sales and profit after tax compared to previous quarters.
Broader market context shows that the stock has consistently underperformed against the benchmark, with a return of -5.95% over the past year compared to the Sensex's -0.46%. The stock's performance over the last three years has also been poor, with a decline of 7.05% while the benchmark has risen by 40.54%. This consistent underperformance, coupled with falling investor participation and liquidity issues, suggests a lack of confidence among investors, contributing to the stock's current downward trend.