Why is Geojit Fin. Ser. falling/rising?

As of 14-Aug, Geojit Financial Services Ltd is experiencing a decline in its stock price, currently at 72.53, reflecting a decrease of 0.27 or 0.37%. The stock has underperformed its sector by 0.77% today and has shown a trend reversal after two consecutive days of gains. In terms of returns, the stock has fallen by 11.89% over the past month and 19.97% over the past year, while its profits have decreased by 10.5%. Additionally, the company's recent quarterly results have been disappointing, with a significant drop in PAT and net sales, which may have contributed to the negative sentiment surrounding the stock. Furthermore, a reduction in promoter stake by 2.92% indicates a potential lack of confidence in the company's future prospects.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex showing a slight decline of only 0.03% over the past week, while Geojit Financial Services Ltd managed a modest gain of 0.40%. However, the stock's year-to-date performance is significantly worse than the market, with a decline of 36.71% compared to the Sensex's gain of 3.15%. This stark contrast highlights the challenges faced by Geojit Financial Services Ltd in maintaining investor confidence and market competitiveness, especially in light of its recent financial results and the overall market conditions.