Why is Glance Finance falling/rising?

As of 17-Jul, Glance Finance Ltd's stock price is currently at 179.50, reflecting a decrease of 0.5, or 0.28%. The stock has experienced a trend reversal, falling after eight consecutive days of gains. Despite this recent decline, it has shown strong performance over the past year, with a return of 99.44%, significantly outperforming the benchmark Sensex, which only increased by 1.91%. However, the stock's delivery volume has fallen by 53.63% compared to its five-day average, indicating a decrease in investor participation. While the stock is trading above its moving averages, the weak long-term fundamental strength, highlighted by an average Return on Equity (ROE) of 5.10%, raises concerns about its sustainability.
In the broader market context, Glance Finance's short-term performance has been positive, with a 4.94% increase over the past week, contrasting with the Sensex's decline of 1.12% during the same period. This suggests that the stock has been resilient in a challenging market environment. However, the recent drop in price may reflect investor caution due to negative financial results reported in March, where net sales declined significantly. Despite the stock's attractive valuation and strong long-term performance, the combination of falling investor participation and weak fundamentals may contribute to the current price decline.