Why is Cont. Securities falling/rising?

As of 24-Jul, Continental Securities Ltd is experiencing a decline in its stock price, currently at 16.98, which reflects a decrease of 0.61 or 3.47%. The stock has underperformed its sector by 2.73% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.34% during this period. Despite a strong performance over the past year with a return of 37.27%, the stock's year-to-date performance shows a significant decline of 32.35%. The company has a fair valuation with a Price to Book Value of 3.4, but the recent decrease in promoter holding to 38.83% raises concerns about investor confidence. Additionally, while the stock has shown consistent returns over the last three years, the average Return on Equity (ROE) of 7.13% indicates weak long-term fundamental strength.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has shown a slight decline of 0.09% over the past week, while Continental Securities has gained 0.89% in the same timeframe. However, the stock's year-to-date performance is significantly lagging behind the benchmark, which has increased by 5.18%. The rising investor participation, indicated by a 39.11% increase in delivery volume, suggests some interest despite the recent price drop. Overall, the combination of declining promoter holdings, weak long-term fundamentals, and recent underperformance relative to the sector contributes to the stock's current downward trajectory.