Why is Esaar (India) falling/rising?

As of 26-Aug, Esaar (India) Ltd's stock price is currently at 16.95, reflecting a decrease of 0.34 or 1.97%. The stock has been on a downward trend, experiencing consecutive losses for the last eight days, resulting in a total decline of 13.87% during this period. Despite a strong performance over the past year with a return of 154.89%, the company is facing significant challenges, including operating losses and a negative profit after tax of Rs -17.12 crore, which has fallen dramatically compared to previous quarters. The stock is trading at a premium relative to its peers, and with a return on equity of -88.9, its long-term fundamental strength appears weak, contributing to the recent price decline.
In the broader market context, the stock's short-term performance has been notably poor, with a 9.50% drop over the past week, while the benchmark Sensex has only decreased by 1.05%. This indicates that Esaar (India) is underperforming relative to the market. Additionally, the finance/NBFC sector has also seen a decline of 2.02%, which may be influencing investor sentiment negatively. The falling investor participation, evidenced by a 27.14% drop in delivery volume compared to the five-day average, further suggests a lack of confidence among traders, contributing to the stock's downward trajectory.