Why is Equitas Sma. Fin falling/rising?

As of 09-Jul, Equitas Small Finance Bank Ltd is experiencing a decline in its stock price, currently at 62.74, which represents a decrease of 0.23 or 0.37%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total decline of 9.65% during this period. Additionally, the stock's performance over the past week shows a decrease of 8.46%, while its one-year return stands at a substantial negative 31.92%. The bank's recent financial results have been disappointing, with negative outcomes reported for the last four consecutive quarters, including a 46.1% drop in profit after tax compared to the previous four-quarter average. Despite having strong lending practices and a high capital adequacy ratio, the stock is trading at a premium compared to its peers, which may deter potential investors.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight increase of 0.15% over the past week, Equitas Small Finance Bank's performance is notably weaker. The broader market has been more favorable, with the Sensex gaining 1.32% over the past month and 6.91% year-to-date, while Equitas has seen a decline of 8.02% and 2.21% in the same respective periods. This stark contrast highlights the bank's struggles in both short-term and long-term performance, as it has underperformed not only against the benchmark but also against the broader market indices over the last three years, one year, and three months.