Why is Geojit Fin. Ser. falling/rising?

As of 30-Jul, Geojit Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 73.11, which reflects a decrease of Rs 1.03 or 1.39%. The stock has underperformed its sector by 1.49% today, reaching an intraday low of Rs 72.59, which is a drop of 2.09%. Over the past week, the stock has fallen by 3.17%, and it has significantly underperformed the market with a year-to-date decline of 36.20%. The company has reported a strong long-term fundamental strength with an average Return on Equity (ROE) of 17.60%, but it has also faced negative results recently, including a 33.9% drop in PAT for the last quarter and a decrease in net sales to the lowest level recorded. Additionally, promoter confidence appears to be waning, as they have reduced their stake in the company by 2.92%, which may indicate concerns about the company's future performance.
In the broader market context, Geojit Financial Services Ltd's performance has been notably weaker compared to the benchmark, with a one-year return of -27.98% against the BSE500's decline of only -2.34%. This stark contrast highlights the stock's struggle to maintain investor confidence, especially in light of recent financial results that have disappointed. Despite a rise in investor participation, as evidenced by a 66.52% increase in delivery volume, the overall sentiment remains negative, compounded by the stock trading below its moving averages across various time frames.