Why is Monarch Networth falling/rising?

As of 15-Sep, Monarch Networth Capital Ltd is experiencing a price increase, with its current price at Rs 331.35, reflecting a rise of Rs 5.85 or 1.8%. Today's price summary indicates that the stock outperformed its sector by 1.33%, reaching an intraday high of Rs 338.85, which is a 4.1% increase. However, despite this positive movement, the stock has shown a decline of 24.66% over the past year, significantly underperforming the market. The company has strong long-term fundamentals, with an average Return on Equity (ROE) of 26.35% and healthy growth in net sales and operating profit. Nonetheless, the stock's performance has been hindered by flat results in June and a lack of domestic mutual fund investment, which may indicate a lack of confidence in its current valuation.
In the broader market context, the stock's short-term performance has been slightly negative, with a 1-week return of -0.08%, while the benchmark Sensex has gained 1.24% during the same period. Over the past month, Monarch Networth has shown a modest gain of 1.22%, but this is still below the Sensex's 1.47% increase. The stock's long-term performance is notable, with a 3-year return of 68.41%, significantly outperforming the benchmark's 36.46%. However, the substantial decline in the stock's price year-to-date, coupled with the broader market's positive returns, suggests that investor sentiment remains cautious despite the company's strong fundamentals.