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

As of 18-Sep, IL&FS Investment Managers Ltd's stock price is currently at 8.44, reflecting a slight increase of 0.02 or 0.24%. The stock has been gaining for the last two days, with a total return of 0.72% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weaker trend. Despite a high dividend yield of 3.33% and positive quarterly results showing significant growth in profit before tax and net profit, the stock has underperformed in the long term, with a year-to-date decline of 23.27% and a one-year return of -27.86%. Additionally, the company faces challenges such as operating losses and a weak long-term growth outlook, compounded by the fact that 100% of promoter shares are pledged, which can exert downward pressure on the stock price.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.80% over the past week and 2.14% over the past month. This underperformance is indicative of the stock's struggles, as it has consistently lagged behind the benchmark across various time frames, including a three-year return of -6.33% compared to the Sensex's 41.08%. The falling investor participation, evidenced by a significant drop in delivery volume, further highlights the challenges faced by IL&FS Investment Managers Ltd in attracting investor interest amidst a generally positive market environment.