Why is Equitas Sma. Fin falling/rising?

As of 01-Aug, Equitas Small Finance Bank Ltd's stock price is currently at Rs 57.11, reflecting a decline of Rs 2.08 or 3.51%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.99% during this period. Additionally, the stock has experienced significant declines over the past week and month, with returns of -6.90% and -17.76%, respectively. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume down by 35.18% compared to the five-day average. Despite some positive factors such as strong lending practices and a high capital adequacy ratio, the company has reported negative results for the last four consecutive quarters, with profits falling significantly, which has contributed to the stock's downward movement.
In the broader market context, Equitas Small Finance Bank's performance has been notably worse than the benchmark, as it has generated a return of -28.92% over the past year compared to a slight decline of -1.55% for the Sensex. This underperformance is further highlighted by the stock's negative returns over various periods, including a -10.99% year-to-date return, contrasting sharply with the Sensex's positive return of 3.15% in the same timeframe. The stock's struggles are compounded by its low credit deposit ratio and the fact that it has underperformed the BSE500 over the last three years, indicating broader challenges that may be affecting investor sentiment and leading to the current price decline.