Why is Muthoot Microfin falling/rising?

As of 27-Jun, Muthoot Microfin Ltd's stock price is currently at 139.95, reflecting a decrease of 0.5, or 0.36%. The stock has recently underperformed its sector by 0.45% and has shown a trend reversal, falling after three consecutive days of gains. Over the past week, the stock has risen by 7.65%, and in the last month, it has increased by 8.66%. However, it has significantly underperformed over the year, with a decline of 42.81%. The company has reported negative results for the last three consecutive quarters, including a substantial drop in net sales by 18.47% and a PAT of Rs -401.15 crore, which has fallen by 637.8% compared to the previous four-quarter average. Despite a strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 16.12% and high institutional holdings at 27.79%, the stock's valuation appears expensive with a Price to Book Value of 0.9, contributing to its recent price decline.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with the Sensex generating a return of 2.00% over the past week and 3.07% over the past month, while Muthoot Microfin has shown gains of 7.65% and 8.66% respectively. However, its year-to-date performance is concerning, with a decline of 19.71% against the Sensex's increase of 7.58%. This stark contrast highlights the stock's struggle to keep pace with the overall market, further exacerbated by its negative financial results and declining profitability, which have led to a lack of investor confidence.