Why is Monarch Networth falling/rising?

As of 24-Jul, Monarch Networth Capital Ltd is experiencing a decline in its stock price, currently at Rs 372.90, which reflects a decrease of Rs 9.1 or 2.38%. Today's price summary indicates that the stock has underperformed its sector by 1.64% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.09%. Although the stock opened with a gain of 3.29% and reached an intraday high of Rs 398.6, it ultimately fell to its current low price. Over the past week, the stock has shown a modest increase of 0.59%, but its year-to-date performance remains negative at -14.70%. Despite this, the company has demonstrated strong long-term fundamentals, with a robust average return on equity (ROE) of 26.35% and significant growth in net sales and operating profit, which may support investor confidence in the long run.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.09% over the past week. While Monarch Networth has outperformed the benchmark over the past year with a return of 25.56%, its year-to-date performance is notably weaker compared to the Sensex's gain of 5.18%. This disparity may contribute to investor sentiment regarding the stock's current decline. Additionally, the rising investor participation, as evidenced by a 26.95% increase in delivery volume, suggests that there is still interest in the stock, potentially indicating that the recent price drop may be viewed as a buying opportunity by some investors.