Why is Equitas Sma. Fin falling/rising?

As of 13-Aug, Equitas Small Finance Bank Ltd's stock price is currently at Rs 54.41, reflecting a decrease of Rs 0.59 or 1.07%. The stock has underperformed significantly, with a 1-week return of -5.08% and a 1-month return of -14.62%. Today's performance indicates that it is trading below all key moving averages, and it is close to its 52-week low, being only 4.39% away from Rs 52.02. Additionally, there has been a decline in investor participation, with delivery volume falling by 1.98% compared to the 5-day average. The company has faced negative results for the last five consecutive quarters, with a substantial drop in profits, which has contributed to the stock's poor performance, including a 27.61% decline over the past year.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex showing a minimal decline of only 0.01% over the past week. While the bank has a high capital adequacy ratio and strong institutional holdings, these positive factors are overshadowed by its recent financial struggles and declining profitability. The stock's valuation is currently at a premium compared to its peers, but the negative sentiment stemming from consecutive quarterly losses and underperformance against the BSE500 over multiple time frames has led to a lack of confidence among investors.