Why is Geojit Fin. Ser. falling/rising?

As of 25-Jun, Geojit Financial Services Ltd's stock price is currently at Rs 86.23, reflecting an increase of Rs 3.79 or 4.6%. The stock has been on a positive trajectory, gaining for the last four consecutive days with a total return of 9.75% during this period. It has outperformed its sector by 3.99% today, and the stock's intraday high reached Rs 86.5, marking a rise of 4.92%. Despite a year-to-date decline of 24.76%, the stock has shown strong long-term fundamentals, including an average Return on Equity (ROE) of 18.55% and a healthy operating profit growth rate of 27.08%. However, recent negative quarterly results, including a 33.4% drop in profit after tax, have raised concerns among investors, particularly given the low domestic mutual fund ownership of only 0.35%.
In the broader market context, Geojit Financial Services Ltd has outperformed the Sensex in the short term, with a 1-week return of 6.52% compared to the Sensex's 1.61%. However, the stock has underperformed over the longer term, with a 1-year return of -8.55% against the market's 6.02%. This disparity highlights the challenges the company faces despite its recent price increase. The stock's valuation remains attractive, trading at a discount compared to peers, but the lack of confidence from domestic mutual funds and the recent negative financial results may continue to weigh on its performance moving forward.