Why is Muthoot Cap.Serv falling/rising?

As of 26-Jun, Muthoot Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 323.85, which reflects a decrease of Rs 2.15 or 0.66%. The stock has underperformed its sector by 1.99% today and has seen a trend reversal after two consecutive days of gains. It reached an intraday high of Rs 340.6 but also touched a low of Rs 317.2. Despite trading above its moving averages, the stock's performance over the past year shows a modest return of 3.04%, while profits have decreased by 11%. The company has a low return on equity (ROE) of 7 and is trading at a discount compared to its peers, indicating attractive valuation but also highlighting weak long-term growth, with net sales and operating profit declining.
In the broader market context, Muthoot Capital's short-term performance over the past week shows a gain of 10.15%, significantly outperforming the Sensex, which increased by only 2.94%. However, year-to-date, the stock has underperformed with a decline of 3.02% compared to the Sensex's gain of 7.19%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in the stock's future prospects, which may contribute to its current price decline. Overall, while there are some positive indicators, the combination of weak fundamentals and recent profit declines appears to be influencing the stock's downward movement.