Why is Muthoot Microfin falling/rising?

As of 26-Jun, Muthoot Microfin Ltd's stock price is currently at Rs 140.45, reflecting an increase of Rs 7.25, or 5.44%. The stock has been gaining momentum recently, with a performance of +10.76% over the past week and +9.05% over the past month, significantly outperforming the Sensex, which rose by 2.94% and 1.92% respectively during the same periods. Today's trading has shown a positive trend, with the stock outperforming its sector by 4.11% and achieving a consecutive gain over the last three days, resulting in a total return of 11.73%. However, the company has faced challenges, including a significant drop in net sales and negative results over the last three quarters, which have contributed to a negative return on equity and a high price-to-book value ratio.
In the broader market context, Muthoot Microfin's recent short-term performance stands in stark contrast to its year-to-date return of -19.42%, while the Sensex has gained 7.19% during the same period. Despite the recent positive price movement, the stock has underperformed over the long term, with a one-year return of -42.24% compared to the Sensex's 6.46%. The high institutional holdings at 27.79% suggest that knowledgeable investors are monitoring the stock closely, but the company's ongoing financial struggles, including a dramatic fall in profits, raise concerns about its long-term viability.