Why is Muthoot Cap.Serv falling/rising?

As of 30-Jun, Muthoot Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 323.40, which reflects a decrease of Rs 6.8 or 2.06%. Today's performance indicates that the stock opened lower, with a gap down of 2.57%, and reached an intraday low of Rs 318, marking a drop of 3.69%. Despite a strong performance over the past week and month, where it outperformed the Sensex with returns of 9.87% and 13.26% respectively, the stock has shown a year-to-date decline of 3.16%. The stock's valuation remains attractive with a low Price to Book Value of 0.8, but it has faced challenges, including a significant drop in profits over the past year, which has contributed to its current price movement.
In the broader market context, Muthoot Capital Services Ltd's recent performance has underperformed its sector by 2.58%, indicating a struggle to maintain investor interest. While the stock has outperformed the BSE 500 in the long term, the weak fundamentals, including a declining Return on Equity (ROE) and negative growth in net sales and operating profit, raise concerns about its sustainability. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's future performance, further contributing to its downward pressure in the market.