Why is Baid Finserv falling/rising?

As of 21-Aug, Baid Finserv Ltd's stock price is currently at 11.87, reflecting a decrease of 0.13, or 1.08%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.06%. In terms of performance, the stock has shown a 5.70% increase over the past week, but it has significantly underperformed over the last month with a decline of 10.08%. Despite the company declaring positive results for the last three consecutive quarters, including an 82.38% growth in PAT and a strong PBT growth, the stock's long-term fundamentals appear weak, with a low average return on equity of 6.68%. This combination of short-term volatility and long-term concerns may contribute to the stock's recent price decline.
In the broader market context, Baid Finserv's performance has been notably weaker compared to the benchmark Sensex, which has increased by 1.74% over the past week. The stock's year-to-date decline of 22.16% starkly contrasts with the Sensex's gain of 4.94%, indicating a significant underperformance in the longer term as well. The falling investor participation, evidenced by a 39.96% drop in delivery volume, further highlights the lack of confidence among investors, which may be exacerbating the stock's downward trend. Overall, while the company has shown some positive financial results, the prevailing market sentiment and the stock's weak long-term growth prospects are likely driving its current price decline.