Why is Geojit Fin. Ser. falling/rising?

As of 11-Aug, Geojit Financial Services Ltd is currently priced at 71.67, reflecting a slight decrease of 0.02, or 0.03%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 0.79%. Over the past week, the stock has decreased by 2.12%, and it has significantly underperformed the benchmark Sensex, which only fell by 0.51%. The stock's performance over the past month shows a decline of 12.60%, while its year-to-date return is down 37.46%. The company's recent financial results have been disappointing, with a 33.9% drop in profit after tax and the lowest net sales recorded. Additionally, the reduction in promoter stake by 2.92% indicates a lack of confidence in the company's future prospects.
In the broader market context, Geojit Financial Services has underperformed compared to the BSE500 index, which has seen a negative return of 1.85% over the past year, while Geojit has experienced a much steeper decline of 23.91%. Despite having strong long-term fundamentals, including an attractive return on equity and a valuation discount compared to peers, the recent negative financial results and declining promoter confidence have overshadowed these strengths. The stock's liquidity remains adequate, with rising investor participation noted, but the overall sentiment appears to be weighed down by the recent poor performance and the broader market trends.