Why is Monarch Networth falling/rising?

As of 24-Sep, Monarch Networth Capital Ltd is experiencing a decline in its stock price, currently at 326.50, reflecting a decrease of 4.15 points or 1.26%. The stock has underperformed its sector by 1.17% today and has been on a consecutive downward trend for the last three days, accumulating a total drop of 3.59%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Over the past year, the stock has generated a return of -24.71%, significantly underperforming the broader market, which saw a decline of only -3.77%. Despite the company showing strong long-term fundamentals, such as an average Return on Equity (ROE) of 26.35% and healthy growth in net sales and operating profit, these positive factors have not translated into recent price stability.
In the broader market context, while the Sensex has shown a slight positive return of 0.50% over the past month, Monarch Networth's performance has been negative, with a 1-month return of -2.04%. This underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current valuation or business prospects. The stock's significant decline over the past year, compared to the market's lesser drop, suggests that investor sentiment remains cautious, contributing to the ongoing price decline.