Why is ESAF Small Fin falling/rising?

As of 29-Aug, ESAF Small Finance Bank Ltd is currently priced at 28.81, reflecting an increase of 0.36 or 1.27%. The stock has shown a trend reversal by gaining after six consecutive days of decline, outperforming its sector by 1.5% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has experienced significant negative returns, with a decline of 31.47% year-to-date and 42.63% over the past year. The company's weak financial health is underscored by a low Capital Adequacy Ratio of 0%, a high Cost to Income ratio of 79.65%, and a net profit decline of 236.43% annually, contributing to its poor long-term growth prospects. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the company's valuation and business stability.
In the broader market context, ESAF Small Finance Bank's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.73% compared to the Sensex's -1.84%. This underperformance is consistent with its longer-term trends, where it has lagged behind the BSE500 over various periods. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a 33.64% drop in delivery volume, raises concerns about sustained interest in the stock. Overall, while there is a slight uptick in the stock price today, the underlying financial challenges and broader market conditions suggest that the stock's recovery may be limited.