Why is Finkurve Fin. falling/rising?

As of 07-Nov, Finkurve Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 107.10, which represents a decrease of 5.9 points or 5.22%. The stock has underperformed its sector by 6.74% today, opening with a loss of 4.38% and reaching an intraday low of Rs 107.1. Additionally, Finkurve is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite reporting positive results over the last eight consecutive quarters, including a significant growth in net sales and operating profit, the stock's long-term fundamental strength is weak, highlighted by an average Return on Equity (ROE) of 8.00% and a high Price to Book Value ratio of 7.6, making it appear expensive compared to peers.
In the broader market context, Finkurve's short-term performance has been notably poor, with a 1-week return of -6.87%, while the benchmark Sensex has only declined by 0.86% during the same period. Year-to-date, Finkurve's stock has fallen by 10.75%, contrasting sharply with the Sensex's gain of 6.50%. The lack of domestic mutual fund investment, which stands at 0%, further suggests a lack of confidence in the stock's valuation and business prospects, contributing to its downward price movement.