Why is Equitas Sma. Fin falling/rising?

As of 10-Sep, Equitas Small Finance Bank Ltd's stock price is currently at Rs 54.35, reflecting an increase of Rs 1.55 or 2.94%. The stock has shown a positive trend recently, gaining 4.26% over the last two days and outperforming its sector by 2.59% today. However, despite this short-term gain, the stock has experienced a decline of 33.62% over the past year, with profits falling significantly by 116.2%. The company has also reported negative results for the last five consecutive quarters, which raises concerns about its long-term performance. High institutional holdings at 63.43% may provide some support, as these investors typically have better resources to analyze the company's fundamentals.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 5.43% increase over the past week compared to the benchmark's 1.06% rise. However, the stock's year-to-date performance remains poor, with a decline of 15.29% against the Sensex's gain of 4.21%. The stock is trading at a premium compared to its peers, which may deter some investors, especially given its recent underperformance and the concerning financial results. Overall, while there are short-term gains, the long-term outlook appears challenging, contributing to mixed sentiments among investors.