Why is Emerald Finance falling/rising?

As of 24-Sep, Emerald Finance Ltd's stock price is currently at Rs 77.30, reflecting a decline of Rs 2.71 or 3.39%. The stock has underperformed its sector today, with a day's low of Rs 76.2, marking a drop of 4.76%. Over the past week, the stock has decreased by 6.92%, while its performance over the past month shows a decline of 2.10%. Despite positive financial results, including a 20.38% growth in net profit and consistent positive results over the last five quarters, the stock is trading below its moving averages and has seen a significant drop in investor participation, with delivery volume falling by 78.57% against the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 1.18% over the past week. Although Emerald Finance has generated a return of 5.16% over the past year, it is facing challenges such as weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 8.64% and a decrease in institutional investor participation. The decline in institutional stakes suggests a lack of confidence from more sophisticated investors, which could further pressure the stock's price in the near term.