Why is ESAF Small Fin falling/rising?

As of 06-Nov, ESAF Small Finance Bank Ltd's stock price is currently at 27.32, reflecting a decline of 0.54, or 1.94%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total drop of 2.71%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 1.12%, while it has significantly underperformed the benchmark Sensex, which has gained 1.86% over the last month. The bank's weak financial health is highlighted by a low Capital Adequacy Ratio of 0%, a high Cost to Income ratio of 79.65%, and a troubling history of negative results over the last six quarters, which have contributed to a substantial annual net profit decline of 236.43%.
In the broader market context, ESAF Small Finance Bank's recent performance contrasts sharply with the Sensex, which has shown resilience with a 6.62% gain year-to-date. The stock's long-term returns are concerning, with a staggering 39.15% decline over the past year, indicating a lack of investor confidence, as evidenced by the negligible domestic mutual fund holdings. The significant drop in delivery volume by 78.33% against the five-day average further underscores the declining interest in the stock. Overall, the combination of poor financial metrics, negative growth trends, and weak market participation suggests that the stock's downward movement is likely to continue unless there are substantial improvements in its operational performance and investor sentiment.