Why is Emk.Global Fin. falling/rising?

As of 30-Jun, Emkay Global Financial Services Ltd is experiencing a decline in its stock price, currently at 223.85, which reflects a decrease of 1.15 or 0.51%. The stock has underperformed its sector by 1.03% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 0.69%. Additionally, the stock has shown a negative performance over the past month, with a decline of 5.29%, while year-to-date it has fallen significantly by 28.98%. Although the stock has generated a return of 36.45% over the past year, its recent financial performance has raised concerns, particularly with a reported decline in profit after tax and net sales in the latest quarter. The weak long-term fundamental strength, indicated by an average return on equity of 10.86%, further contributes to the stock's downward pressure.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has risen by 2.09% over the past week. The significant drop in investor participation, with a 76.21% decrease in delivery volume compared to the five-day average, suggests a lack of confidence among investors. Furthermore, the absence of domestic mutual fund investment may indicate that institutional investors are hesitant about the stock's valuation or business prospects. Despite the company's attractive valuation metrics, such as a return on equity of 22.4 and a low PEG ratio of 0.1, the negative financial results and declining investor interest are likely contributing to the stock's current downward trajectory.