Why is Monarch Networth falling/rising?

As of 23-Sep, Monarch Networth Capital Ltd's stock price is currently at 331.20, reflecting a decrease of 0.4, or 0.12%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.2%. In terms of returns, the stock has shown a negative performance of 1.34% over the past week and 0.63% over the past month, while it has significantly underperformed the market over the past year with a return of -23.77%. Despite having strong long-term fundamentals, including a robust average Return on Equity (ROE) of 26.35% and healthy growth in net sales and operating profit, the stock's recent price movement is negatively impacted by a lack of investor participation, as evidenced by a 25.59% drop in delivery volume compared to the five-day average.
Broader market context indicates that while the Sensex has experienced a slight decline of 0.34% over the past week, Monarch Networth's performance has been notably worse. The stock's significant underperformance relative to the broader market, particularly in the last year, raises concerns among investors, especially given that domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its current valuation. The stock's trading at a discount compared to its peers' average historical valuations does suggest potential for recovery, but the recent flat results and the absence of institutional support may continue to weigh on its price.