Why is Banas Finance falling/rising?

As of 02-Jul, Banas Finance Ltd's stock price is currently at 8.85, reflecting a decrease of 0.13 or 1.45%. The stock has been experiencing a downward trend, having lost 2.43% over the last two days. Despite a positive performance over the past week and month, with returns of 4.36% and 6.88% respectively, the stock has shown significant underperformance over the year and three-year periods, with returns of -10.52% and -58.47%. The company's financial health is concerning, as it has reported operating losses and negative EBITDA, with net sales and profit after tax both declining by 21.70%. The majority of shareholders are non-institutional, which may contribute to the stock's volatility.
In the broader market context, Banas Finance's short-term performance has outpaced the benchmark Sensex over the past week and month, but it has consistently underperformed over the longer term, particularly in the last year and three years. The Sensex has gained 0.79% in the last week and 2.50% in the last month, while Banas Finance has struggled with a year-to-date decline of 11.85% compared to the Sensex's gain of 6.75%. The falling investor participation, evidenced by a significant drop in delivery volume, further indicates a lack of confidence in the stock, contributing to its recent price decline.