Why is Equitas Sma. Fin falling/rising?

As of 07-Aug, Equitas Small Finance Bank Ltd is experiencing a decline in its stock price, currently at 56.97, which reflects a decrease of 0.35 or 0.61%. The stock has underperformed its sector by 0.79% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a significant drop of 62.14% compared to the 5-day average, suggesting a decrease in investor participation. Over the past month, the stock has fallen by 10.40%, while its year-to-date performance shows a decline of 11.21%, indicating ongoing challenges.
In the broader market context, the stock's performance over the past week has been notably worse than the benchmark Sensex, which has only declined by 0.69% during the same period. The year-to-date return for Equitas Small Finance Bank is significantly negative at -11.21%, contrasting sharply with the Sensex's positive return of 3.18%. This underperformance highlights the stock's struggles relative to the overall market, further compounded by the lack of positive factors available to counterbalance the negative trends observed.