Why is ESAF Small Fin falling/rising?

As of 26-Aug, ESAF Small Finance Bank Ltd is experiencing a decline in its stock price, currently at 28.97, reflecting a decrease of 0.42 or 1.43%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -3.91% over the past week. It is trading below all key moving averages, indicating a bearish trend. Additionally, the bank's weak financial performance is highlighted by a low Capital Adequacy Ratio of 0%, a high Cost to Income ratio of 79.65%, and negative net profits over the last six quarters, which collectively contribute to investor concerns and a lack of confidence in the stock.
In the broader market context, ESAF Small Finance Bank's performance has significantly lagged behind the benchmark, with a year-to-date return of -31.09% compared to the Sensex's positive return of 3.39%. This underperformance is further exacerbated by a substantial decline in investor participation, as evidenced by a 36.32% drop in delivery volume against the five-day average. The lack of interest from domestic mutual funds, which hold 0% of the company, suggests a broader skepticism regarding the bank's valuation and growth prospects, reinforcing the stock's downward trajectory.