Why is Equitas Sma. Fin falling/rising?

As of 28-Aug, Equitas Small Finance Bank Ltd is experiencing a decline in its stock price, currently at Rs. 50.89, which represents a decrease of Rs. 1.37 or 2.62%. The stock has hit a new 52-week low of Rs. 50.71 today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 7.47% during this period. The stock has significantly underperformed its sector by 1.38% today and has shown poor performance over the past month with a 14.77% drop. Additionally, the stock has generated a return of -37.79% over the past year, while its profits have plummeted by 116.2%, indicating severe financial distress. Despite a high management efficiency with a return on assets (ROA) of 1.53% and a solid capital adequacy ratio of 20.81%, the negative results declared for the last five consecutive quarters have heavily impacted investor sentiment.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -7.37% compared to the Sensex's decline of only 2.34%. This stark contrast highlights the stock's underperformance relative to the market. While institutional holdings are high at 63.43%, indicating some level of confidence from larger investors, the overall sentiment remains negative due to the company's ongoing financial struggles and declining profitability. The stock's trading below all key moving averages further emphasizes its weak position in the market, contributing to the downward pressure on its price.