Why is Monarch Networth falling/rising?

As of 01-Jul, Monarch Networth Capital Ltd is experiencing a decline in its stock price, currently at Rs 337.55, which reflects a decrease of Rs 2.7 or 0.79%. The stock has underperformed its sector by 0.65% today and has been on a consecutive downward trend for the last two days, with a total drop of 1.19% during this period. Despite reaching an intraday high of Rs 351.35, the stock's weighted average price indicates that more volume was traded closer to its low price. Over the past week, the stock has shown a positive return of 6.31%, and a notable annual return of 28.20%, which is significantly higher than the market's performance. However, the company has reported negative quarterly results, including a 36.2% drop in profit after tax compared to previous quarters, which may be contributing to the current price decline.
In the broader market context, while the stock has outperformed the benchmark index over the past year, it has underperformed in the short term compared to the Sensex, which has gained 2.00% over the past week. The stock's year-to-date performance shows a decline of 22.78%, contrasting sharply with the benchmark's gain of 7.11%. The lack of investment from domestic mutual funds, holding only 0% of the company, may indicate a lack of confidence in the stock's current valuation or business prospects. Despite strong long-term fundamentals, including a robust return on equity and significant growth in net sales, the recent negative quarterly results and the stock's current downward trend suggest that investor sentiment may be cautious.