Why is Modern Shares falling/rising?

As of 04-Sep, Modern Shares & Stockbrokers Ltd is experiencing a decline in its stock price, currently at Rs 41.49, reflecting a decrease of -1.97 (-4.53%). The stock has been underperforming, having fallen consecutively for the last three days with a total decline of -5.7%. It opened significantly lower today, down by -10.03%, and reached an intraday low of Rs 39.1. The trading volume has also decreased, with delivery volume dropping by -71.1% compared to the 5-day average. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. The company has a weak long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 1.74% and a significant decline in profits over the past year.
In the broader market context, while the Sensex has shown a slight increase of +0.80% over the past week, Modern Shares has only managed a modest gain of +1.20% in the same timeframe, indicating a relative underperformance. Over the last month, the stock has declined by -4.38%, significantly worse than the benchmark's -0.37%. This trend continues into the year-to-date performance, where the stock has plummeted by -35.17% compared to the Sensex's +3.30%. The stock's valuation appears expensive relative to its peers, further contributing to the negative sentiment among investors.