Why is KIFS Financial falling/rising?

As of 23-Jun, KIFS Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 114.10, which represents a decrease of Rs 1.9 or 1.64%. The stock has underperformed its sector by 2.17% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.35%. Over the past week, the stock has seen a significant decline of 7.12%, and its year-to-date performance shows a stark decrease of 25.55%. Despite a recent profit increase of 13.3%, the stock's one-year return is notably negative at -33.24%, indicating weak long-term fundamental strength. The stock is trading at a premium compared to its peers, which may be contributing to investor hesitation.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting with KIFS Financial's significant decline. This underperformance is further highlighted by the stock's negative returns over various periods, including a 33.24% drop in the last year, while the benchmark has gained 6.07%. The falling investor participation, with a drastic 97.05% drop in delivery volume, suggests a lack of confidence among investors, which is compounded by the company's weak financial results and reliance on non-operating income. Overall, the combination of poor short-term performance relative to the benchmark and declining investor interest contributes to the stock's downward trajectory.