Why is Equitas Sma. Fin falling/rising?

As of 25-Aug, Equitas Small Finance Bank Ltd is experiencing a decline in its stock price, currently at Rs 53.30, which represents a decrease of Rs 1.57 or 2.86%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 3.09% during this period. It is also trading close to its 52-week low, just 2.4% above Rs 52.02. The stock's performance over the past week shows a decline of 3.07%, and over the past month, it has decreased by 13.11%. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with significant declines in profit before tax and profit after tax, leading to a return of -35.78% over the past year.
In the broader market context, the Sensex has shown a slight increase of 0.45% over the past week, contrasting with Equitas Small Finance Bank's negative performance. The stock's underperformance is further highlighted by its returns compared to the benchmark indices, as it has lagged behind the BSE500 over various time frames, including the last three years and one year. Despite high institutional holdings at 63.43%, which typically indicate confidence from knowledgeable investors, the company's declining profits and negative performance metrics suggest a lack of investor confidence, contributing to the stock's downward trend.