Why is Manappuram Fin. falling/rising?

As of 01-Aug, Manappuram Finance Ltd is experiencing a decline in its stock price, currently at Rs 248.00, which represents a decrease of Rs 6.25 or 2.46%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 9.26% during this period. Additionally, the stock's performance today has underperformed its sector by 0.98%. Over the past week, the stock has decreased by 6.63%, and over the past month, it has dropped by 10.79%. Despite these short-term declines, the company has shown strong long-term fundamental strength, with an average Return on Equity (ROE) of 16.74% and high institutional holdings at 38.33%, which have increased by 1.91% over the previous quarter.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has only declined by 1.06% over the past week and 3.70% over the past month. This suggests that while the overall market is experiencing some downturn, Manappuram Finance Ltd is facing more significant challenges. The falling investor participation, indicated by a 6.77% decrease in delivery volume against the five-day average, further exacerbates the stock's decline. Despite its consistent returns over the last three years and the ability to outperform the BSE500 in recent annual periods, the current market sentiment appears to be negatively impacting the stock's price.