Why is LKP Finance falling/rising?

As of 11-Jul, LKP Finance Ltd is experiencing a decline in its stock price, currently at Rs 534.00, which reflects a decrease of Rs 6.00 or 1.11%. The stock has shown a performance today that is in line with its sector, having touched an intraday low of Rs 522, representing a drop of 3.33%. Despite a strong long-term performance with a return of 181.05% over the past year, the company is facing challenges such as operating losses and a significant decrease in promoter confidence, with promoters reducing their stake by 35.37%. Additionally, the stock's recent delivery volume has fallen sharply by 74.32%, indicating a decline in investor participation.
In the broader market context, LKP Finance's short-term performance mirrors that of the benchmark Sensex, which has also seen a slight decline of 1.12% over the past week. While the stock has outperformed the benchmark significantly over longer periods, such as a 585.93% increase over three years, the recent negative financial results, including a substantial drop in profit after tax and cash reserves, are contributing to the current downward pressure on the stock price. This combination of weak fundamentals and reduced investor confidence suggests that the stock's recent decline may continue unless there are improvements in its financial performance.