Why is Muthoot Microfin falling/rising?

As of 03-Jul, Muthoot Microfin Ltd's stock price is currently at Rs 144.65, reflecting an increase of Rs 2.05 or 1.44%. The stock has shown a positive trend today, having outperformed its sector by 1.96% and reversing a two-day decline. It reached an intraday high of Rs 146.7, marking a 2.88% increase. Over the past week, the stock has gained 2.99%, although it has experienced a significant decline of 40.68% over the past year. Despite strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 8.06% and high institutional holdings at 27.79%, the company has faced challenges, including a drastic fall in net sales and negative results for the last three consecutive quarters, which have contributed to its recent price movements.
In the broader market context, Muthoot Microfin's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex by 3.61% over the past week, while the Sensex itself has declined by 0.62%. However, the stock's year-to-date performance remains concerning, with a decline of 17.01% compared to a 6.53% increase in the benchmark. This underperformance over the longer term, combined with the company's negative financial results and a very expensive valuation, suggests that while there may be short-term gains, the overall outlook remains challenging for Muthoot Microfin Ltd.