Why is Emk.Global Fin. falling/rising?

As of 24-Jun, Emkay Global Financial Services Ltd is experiencing a decline in its stock price, currently at 219.40, which reflects a decrease of 4.4 points or 1.97%. The stock has been underperforming, having fallen for the last eight consecutive days, resulting in a total decline of 12.59% during this period. Although the stock generated a return of 26.09% over the past year, it has shown a weak performance in the short term, with a 1-week return of -8.58%. The company's financials indicate a very attractive valuation with a return on equity (ROE) of 22.4, but it also faces challenges, including a significant drop in profits and low domestic mutual fund interest, which may contribute to investor concerns.
In the broader market context, the Sensex has shown a positive return of 0.58% over the past week, contrasting sharply with Emkay's negative performance. This underperformance relative to the benchmark may further exacerbate investor sentiment, leading to a lack of confidence in the stock. Additionally, the stock's liquidity appears adequate, but the weak long-term fundamental strength, highlighted by a low average ROE of 10.86% and disappointing recent financial results, suggests that investors may be cautious about holding the stock at its current price.