Why is Moongipa Capital falling/rising?

As of 30-Jun, Moongipa Capital Finance Ltd's stock price is currently at 19.00, reflecting a decrease of 0.5, or 2.56%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.5% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -19.80%, while its profits have decreased by 20.1%. Despite having an attractive valuation with a return on equity of 17.5 and a price-to-book value of 2.2, the stock is trading at a premium compared to its peers, which may be contributing to its recent decline.
In the broader market context, Moongipa Capital's performance has been notably weaker than the benchmark, with a 1-week return of -2.56% compared to the Sensex's gain of 2.09%. This underperformance is further highlighted by its negative returns over the past month and year-to-date, where it has seen declines of 5.43% and 40.64%, respectively. The company's operating losses and weak long-term fundamental strength, coupled with below-par performance in both the near and long term, indicate significant challenges ahead. Overall, the stock's recent movement reflects a combination of poor financial results and a lack of investor confidence, leading to its current downward trend.