Why is Fusion Finance falling/rising?

As of 28-Jul, Fusion Finance Ltd is experiencing a decline in its stock price, currently at Rs 167.15, which reflects a decrease of Rs 2.85 or 1.68%. The stock has been on a downward trend, having fallen consecutively for the last eight days, resulting in a total decline of 14.5% during this period. Despite opening with a gain of 4.41% today and reaching an intraday high of Rs 177.5, it has since dropped to a low of Rs 165.55. The stock's performance over the past week shows a significant underperformance of -11.18% compared to the Sensex's decline of -1.59%, and it has also underperformed the benchmark over the last month and year, with returns of -18.44% and -60.71%, respectively. The company's weak long-term fundamentals, including a negative return on equity and declining operating profits, further contribute to the stock's poor performance.
In the broader market context, Fusion Finance's recent struggles are evident as it has consistently underperformed relative to the BSE500 over various time frames, including the last three years, one year, and three months. The stock's negative EBITDA and significant losses in net sales and profit after tax highlight its financial instability, which has led to a lack of investor confidence. While there has been a rise in investor participation, as indicated by increased delivery volume, the overall sentiment remains bearish due to the company's weak financial health and the broader market's relatively stable performance.