Why is Asit C Mehta Fin falling/rising?

As of 24-Sep, Asit C Mehta Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 142.45, which reflects a decrease of Rs 1.45 or 1.01%. Today's performance indicates that the stock has underperformed its sector by 0.35% and has reversed its trend after three consecutive days of gains, touching an intraday low of Rs 140. In terms of returns, the stock has shown a 2.33% increase over the past week, but it has underperformed over the past month and year, with declines of 0.38% and 9.73%, respectively. Despite a significant rise in profits by 62.3% over the past year, the stock faces challenges such as operating losses, high debt levels, and a low return on equity, which contribute to its current downward movement.
In the broader market context, the Sensex has declined by 1.18% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 4.58%. The company's high debt-to-equity ratio and weak long-term growth prospects further exacerbate investor concerns, leading to a cautious outlook. While the stock is trading at a discount compared to its peers and shows some positive indicators like rising investor participation, the overall sentiment remains negative due to fundamental weaknesses and recent poor financial results.