Why is Equitas Sma. Fin falling/rising?

As of 29-Jul, Equitas Small Finance Bank Ltd is currently priced at 60.10, reflecting an increase of 0.39 or 0.65%. The stock has shown a trend reversal by gaining after six consecutive days of decline. Despite this recent uptick, the stock has underperformed significantly over various time frames, with a one-week return of -4.24% and a one-month return of -10.04%. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. However, there has been a rise in investor participation, with delivery volume increasing by 3.82% against the five-day average. The bank's strong lending practices, characterized by a low Gross NPA ratio of 2.89% and a high Capital Adequacy Ratio, provide some support, but the stock's valuation remains a concern as it trades at a premium compared to peers, while profits have fallen sharply by 81.6% over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 1.03% over the past week. This underperformance is further highlighted by the stock's year-to-date return of -6.33%, while the Sensex has gained 4.09% in the same period. The company has faced negative results for the last four consecutive quarters, with significant declines in both profit before tax and profit after tax, contributing to a lack of investor confidence. Additionally, the stock has consistently underperformed against the BSE500 index over the last three years, one year, and three months, indicating broader challenges that may be affecting its price movement.