Why is Fusion Finance falling/rising?

As of 31-Jul, Fusion Finance Ltd is experiencing a decline in its stock price, currently at Rs 162.50, which reflects a decrease of Rs 4.2 or 2.52%. The stock has been on a downward trend, having underperformed its sector by 1.98% today and has seen a consecutive fall for the last 11 days, resulting in a total decline of 16.88% during this period. Additionally, the stock opened with a loss of 2.16% today and reached an intraday low of Rs 162.1. Over the past week, Fusion Finance has reported a return of -8.55%, and in the last month, it has fallen by 18.67%. The company's weak long-term fundamentals, including an average Return on Equity (ROE) of 0% and a significant decline in operating profit, contribute to the negative sentiment surrounding the stock. Furthermore, the recent negative financial results, including a net sales drop of 24.14% and a negative EBITDA, have exacerbated investor concerns.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has only declined by 1.22% over the past week and 3.00% over the past month. This stark difference highlights the underperformance of Fusion Finance compared to the overall market. The falling participation from institutional investors, who have reduced their stake by 3.17%, indicates a lack of confidence in the company's prospects, further influencing the stock's decline. Overall, the combination of poor financial performance, negative investor sentiment, and a significant drop in participation from institutional investors has led to the continued fall in Fusion Finance's stock price.