Why is IL&FS Inv.Manag. falling/rising?

As of 16-Sep, IL&FS Investment Managers Ltd is experiencing a decline in its stock price, currently at 8.38, reflecting a decrease of 0.01 or 0.12%. The stock has underperformed its sector by 0.4% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.77% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a high dividend yield of 3.34% and some positive financial results reported for March 2025, including significant growth in profit before tax and net profit, the overall sentiment remains negative due to operating losses and weak long-term growth, with net sales declining at an annual rate of 4.40%.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date decline of 23.82% against a 5.43% increase in the Sensex. Over the past year, IL&FS has generated a return of -30.74%, significantly underperforming the BSE500 index. The pledged status of 100% of promoter shares adds to the downward pressure in a falling market, further exacerbating investor concerns. Overall, the combination of weak long-term fundamentals, declining investor participation, and poor recent performance relative to the market contributes to the stock's current downward trajectory.