Why is GIC Housing Fin falling/rising?

As of 03-Jul, GIC Housing Finance Ltd is experiencing a decline in its stock price, currently at 195.25, which reflects a decrease of 0.7 or 0.36%. The stock has been losing value for the last two days, with a total drop of 1.19% during this period. Despite being higher than the 20-day, 50-day, and 100-day moving averages, it is lower than the 5-day and 200-day moving averages. The stock's performance over the past week shows a modest increase of 0.26%, but it has significantly underperformed over the last year with a return of -22.04%. While the company has a very attractive valuation with a low Price to Book Value and an ROE of 8.6, its long-term fundamental strength is weak, evidenced by declining net sales and operating profit. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its future prospects.
In the broader market context, GIC Housing Finance's recent performance contrasts with the Sensex, which has seen a decline of 0.62% over the past week. The stock's short-term return is slightly better than the benchmark, but its year-to-date performance is notably poor at -4.12%, compared to the Sensex's gain of 6.53%. This underperformance, coupled with a lack of investor participation and declining delivery volumes, suggests that market sentiment is not favorable towards GIC Housing Finance at this time. The combination of weak financial results and a lack of institutional support contributes to the stock's downward trajectory.