Why is Muthoot Microfin falling/rising?

As of 10-Jun, Muthoot Microfin Ltd's stock price is currently at Rs 136.00, reflecting an increase of Rs 1.4 or 1.04%. The stock has shown a positive trend recently, gaining 6.67% over the last four days and outperforming its sector by 1.37% today. It opened with a gain of 3.6% and reached an intraday high of Rs 139.45. However, despite these short-term gains, the stock has significantly underperformed over the past year, with a decline of 38.64%, while the broader market has seen a return of 7.72%. The company has faced challenges, including a substantial fall in net sales and negative results for the last three consecutive quarters, which has contributed to a bearish outlook. The stock's valuation appears expensive with a negative return on equity and a low price-to-book value, indicating potential concerns among investors.
In the broader market context, Muthoot Microfin's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 5.92% over the past week, while the benchmark has only gained 2.05%. Despite this short-term outperformance, the stock's year-to-date performance remains concerning, with a decline of 21.97% compared to the Sensex's 5.44% increase. The high institutional holdings suggest some confidence in the company's long-term fundamentals, but the recent negative financial results and technical indicators point to a cautious sentiment among investors. Overall, while the stock has seen a rise in the short term, the underlying financial challenges and bearish technical signals may temper enthusiasm moving forward.