Why is Bridge Securitie falling/rising?

As of 22-Jul, Bridge Securities Ltd is experiencing a decline in its stock price, currently at 10.53, which reflects a decrease of 0.42 or 3.84%. Today's price summary indicates that the stock has underperformed its sector by 3.63% and has fallen after two consecutive days of gains. Despite this recent downturn, the stock has shown strong performance over the past year, with a return of 103.68%, significantly outpacing the market's return of 0.99%. However, the company is facing challenges, including operating losses and weak long-term fundamental strength, which may contribute to investor concerns. The stock's high valuation, with a Price to Book Value of 13.9, combined with a falling delivery volume, suggests a potential lack of investor confidence.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has decreased by 0.94% over the past week while the Sensex has only fallen by 0.47%. This underperformance, coupled with a significant drop in delivery volume by 30.45% against the five-day average, indicates a decline in investor participation. While the stock has been liquid enough for trading, the combination of recent operating losses and a high valuation relative to its peers may be causing investors to reassess their positions, leading to the current price decline.