Why is Modern Shares falling/rising?

As of 30-Jul, Modern Shares & Stockbrokers Ltd is experiencing a decline in its stock price, currently at 42.60, reflecting a change of -0.09 (-0.21%). The stock has underperformed its sector by 0.31% today, and while it is higher than its 5-day moving average, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant decline over the past year, with a return of -19.67%, while the broader market has only seen a slight decrease of -2.34%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 11.85% against the 5-day average. The company's weak long-term fundamentals, indicated by an average Return on Equity (ROE) of 1.74% and a very expensive valuation compared to peers, further contribute to the stock's negative performance.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.93% over the past week, while the Sensex has dropped by 1.50%. This suggests that despite the overall market downturn, Modern Shares has not fared well, indicating a lack of investor confidence. The company's flat results in March 2025, with the lowest figures for PBDIT, PBT, and EPS, along with a significant profit decline of 19%, highlight ongoing challenges that are likely affecting investor sentiment and contributing to the stock's downward trend.