Why is KFin Technolog. falling/rising?

As of 04-Sep, KFin Technologies Ltd is experiencing a decline in its stock price, currently at 1,059.00, which reflects a decrease of 7.0 points or 0.66%. Today's price summary indicates that the stock has underperformed its sector by 1.07%, with trading volume closer to its low price. The stock's performance over the past week shows a modest increase of 0.87%, but it has declined by 5.74% over the past month and is down 31.12% year-to-date. The company's recent financial results have shown a decrease in profit before tax and profit after tax compared to previous quarters, contributing to a perception of reduced growth potential. Additionally, a significant drop in promoter stake by 10.01% suggests a lack of confidence in the company's future, which may further weigh on investor sentiment.
In the broader market context, KFin Technologies Ltd's short-term performance has slightly outpaced the Sensex, which has risen by 0.80% over the same week. However, the stock's year-to-date decline of 31.12% starkly contrasts with the Sensex's positive return of 3.30%, indicating that while the overall market may be stable or growing, KFin Technologies is facing specific challenges that are negatively impacting its valuation. The stock's high price-to-book ratio and elevated PEG ratio suggest that it is trading at a premium compared to its peers, which may deter investors amid falling profits and decreasing promoter confidence.