Why is Geojit Fin. Ser. falling/rising?

As of 25-Aug, Geojit Financial Services Ltd's stock price is currently at 74.04, reflecting an increase of 0.46, or 0.63%. The stock has shown a trend reversal by gaining after three consecutive days of decline. It has outperformed its sector by 0.82% today, with a notable increase in delivery volume, which rose by 23.59% against the five-day average. However, the stock's performance over the past month has been negative, with a decline of 0.48%, and it has significantly underperformed year-to-date with a drop of 35.39%. While the company has strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 17.60%, it has also faced challenges, including a 33.9% decline in profit after tax in the most recent quarter and a decrease in promoter confidence due to a 2.92% reduction in their stake.
In the broader market context, Geojit Financial Services has underperformed the benchmark, with a one-year return of -27.13% compared to the Sensex's increase of 0.68%. Despite the stock's recent uptick, its overall performance remains concerning, particularly given the negative results reported in June and the significant drop in net sales. The stock's valuation is attractive relative to its peers, trading at a discount, but the persistent decline in profits and reduced promoter confidence may weigh heavily on investor sentiment moving forward.