Why is Emerald Finance falling/rising?

As of 15-Jul, Emerald Finance Ltd's stock is currently priced at 90.57, reflecting a decline of 1.84, or 1.99%. The stock has been underperforming, having lost 3.95% over the last two days and underperformed its sector by 2.8% today. Despite a strong performance over the past year with a return of 93.90% and consistent positive results for the last five quarters, the stock's current movement is influenced by its weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 8.64% and a high Price to Book Value ratio of 3.7, suggesting it is trading at a premium compared to peers.
In the broader market context, the stock has shown a significant short-term return of 10.13% over the past week, contrasting with the Sensex's decline of 1.36% during the same period. However, the stock's year-to-date performance is notably poor, with a decline of 28.06%, while the Sensex has gained 5.67%. This disparity highlights the stock's volatility and the challenges it faces despite its impressive long-term returns, which may be causing investor hesitation in the current market environment.