Why is Geojit Fin. Ser. falling/rising?

As of 12-Jun, Geojit Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 83.84, which reflects a decrease of Rs 3.32 or 3.81%. The stock has underperformed its sector by 2.35% today and has been on a downward trend for the last three days, accumulating a total loss of 7.79% during this period. Additionally, the stock's performance over the past week shows a decline of 1.48%, while it has fared better over the past month with a gain of 5.54%. Despite this, the stock has significantly underperformed over the year, with a return of -9.82% compared to the Sensex's gain of 6.64%. The recent negative results, including a 33.4% drop in PAT and a 9.3% decline in net sales, have likely contributed to the stock's current downward movement. Furthermore, the low level of domestic mutual fund holdings at only 0.35% may indicate a lack of confidence in the stock's valuation.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, while the BSE 500 has generated returns of 4.18%. The overall market has shown resilience, with the Sensex gaining 0.31% over the past week, while Geojit Financial Services Ltd has faced a decline. The stock's liquidity remains adequate for trading, but the falling investor participation, evidenced by a 39.58% drop in delivery volume, suggests waning interest among investors. Despite the company's strong long-term fundamentals, including a healthy operating profit growth rate and attractive valuation metrics, the recent negative financial results and underperformance relative to the market are likely driving the current decline in stock price.