Why is Manappuram Fin. falling/rising?

As of 19-Sep, Manappuram Finance Ltd's stock price is currently at Rs 286.40, reflecting a decrease of Rs 5.95 or 2.04%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 3.08% during this period. Additionally, the stock is 4.05% away from its 52-week high of Rs 298. The performance today has also been below sector expectations, underperforming by 1.89%. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 16.74% and high institutional holdings that have increased by 1.91% over the previous quarter, the recent price movement suggests a decline in investor participation, as evidenced by a 22.79% drop in delivery volume compared to the 5-day average. In the broader market context, the stock's short-term performance has been negative, with a 1-week return of -1.60%, contrasting with a positive return of +0.88% for the Sensex during the same period. While the stock has shown strong returns over the longer term, including a 52.14% increase year-to-date, the recent downturn indicates a divergence from the overall market trend. This underperformance, coupled with falling investor participation and a decline in daily trading volume, suggests that current market sentiment may be weighing on the stock's price, despite its solid fundamentals and historical performance.