Why is Muthoot Cap.Serv falling/rising?

As of 01-Sep, Muthoot Capital Services Ltd is experiencing a decline in its stock price, currently at 276.10, which reflects a decrease of 0.85 or 0.31%. The stock has underperformed its sector by 1.92% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.07%. Over the past week, the stock has fallen by 1.39%, and its performance over the last month shows a significant drop of 8.97%. Despite a recent increase in delivery volume by 51.79%, the stock is trading below all key moving averages, indicating a bearish trend. Additionally, while the stock is trading at a discount compared to its peers, it has seen a substantial profit decline of 31.9% over the past year, contributing to its negative performance.
In the broader market context, Muthoot Capital Services Ltd's short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.56% over the same week. However, the stock's year-to-date return of -17.32% starkly contrasts with the Sensex's positive return of 2.85%. The company's weak long-term fundamentals, highlighted by a low return on equity of 4.6% and declining net sales, further exacerbate investor concerns. Although institutional investors have increased their stake, indicating some confidence in the stock, the overall sentiment remains cautious due to the company's poor financial results and long-term growth prospects.