Why is Beryl Securities falling/rising?

As of 24-Jun, Beryl Securities Ltd is experiencing a decline in its stock price, currently at Rs 28.66, which represents a decrease of 2.46 (-7.9%). Today's price summary indicates that the stock has underperformed its sector by 8.82% and has fallen after four consecutive days of gains. The stock opened with a significant loss of 7.9% today and reached an intraday low of Rs 28.66. Additionally, the stock's trading volume has shown erratic patterns, with a notable decrease in delivery volume by 40.25% compared to the five-day average. While the promoters have increased their stake in the company by 0.81%, indicating confidence in the business, the company is facing operating losses and poor long-term growth, which contribute to its weak fundamental strength.
In the broader market context, Beryl Securities has shown a short-term return of 6.58% over the past week, significantly outperforming the Sensex, which only gained 0.58% during the same period. However, the stock's year-to-date performance is concerning, with a decline of 26.13% compared to the Sensex's increase of 5.01%. This stark contrast highlights the challenges faced by Beryl Securities despite some positive signals from promoter confidence. The overall market sentiment appears to be cautious, influenced by the company's weak financial results and high valuation relative to its peers, which may be contributing to the stock's current downward trend.