Why is Equitas Sma. Fin falling/rising?

As of 03-Nov, Equitas Small Finance Bank Ltd's stock price is currently at Rs 60.78, reflecting an increase of Rs 3.81 or 6.69%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It has outperformed its sector by 6.29% today and reached an intraday high of Rs 61.13. Over the past week, the stock has shown a return of +2.07%, while over the past month, it has increased by +6.04%. However, it has underperformed over the year with a return of -14.39%. The company has strong lending practices, evidenced by a low Gross NPA ratio of 2.92% and a high Capital Adequacy Ratio of 20.81%. Despite these positives, the stock faces challenges due to negative results over the last six quarters, a low credit-deposit ratio, and a very expensive valuation compared to its peers.
Broader market context shows that while the stock has gained in the short term, it has significantly underperformed the broader market over the past year, where the BSE500 has generated returns of +3.92%. The stock's year-to-date performance is also concerning, with a decline of -5.27% compared to the Sensex's +7.47%. This contrast highlights the stock's struggle to keep pace with market trends, despite recent positive movements. The high institutional holdings at 63.87% suggest that informed investors are monitoring the stock closely, but the overall negative financial indicators may continue to weigh on its long-term performance.