Why is Fino Payments falling/rising?

As of 19-Aug, Fino Payments Bank Ltd's stock price is rising, currently at Rs 258.00, reflecting an increase of Rs 9.0 or 3.61%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 3.64% today. It reached an intraday high of Rs 258.3, although it is trading lower than the 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has increased by 3.99%, despite a significant decline of 27.55% over the past year. The company's strong long-term fundamentals, highlighted by a 43.48% CAGR growth in operating profits and a healthy annual growth rate of 76.17% in net sales, contribute positively to its valuation, which is attractive compared to peers.
In the broader market context, while the Sensex has gained 1.76% over the past week, Fino Payments Bank's recent performance indicates a stronger short-term recovery relative to the benchmark. However, the stock has underperformed the market significantly over the past year, with a return of -27.55% compared to the Sensex's modest gain of 1.52%. The decline in institutional investor participation, with a 2.02% decrease in stakes, raises concerns about the stock's future performance, especially given the flat results reported in the last quarter. Overall, while the stock is experiencing a short-term rise, the long-term outlook remains cautious due to recent underperformance and declining investor confidence.