Why is Muthoot Microfin falling/rising?

As of 15-Jul, Muthoot Microfin Ltd's stock price is currently at 166.05, reflecting a decrease of 2.6, or 1.54%. The stock has shown a strong performance over the past week, gaining 9.14%, and over the past month, it has risen by 23.55%. However, it has underperformed the sector today by 2.35%. Despite trading above its moving averages for various periods, the stock has experienced a significant drop in investor participation, with delivery volume falling by 55.19% compared to the 5-day average. The company's fundamentals are concerning, as it has reported negative results for the last three consecutive quarters, including a substantial decline in net sales of 18.47%. Additionally, the stock has generated a negative return of 33.03% over the past year, indicating a troubling trend.
In the broader market context, while the Sensex has gained 1.79% over the past month and 5.67% year-to-date, Muthoot Microfin's year-to-date performance is down by 4.73%. This underperformance relative to the benchmark suggests that investor sentiment towards the stock is weak, particularly in light of its negative financial results and low return on equity of -8.5. The high institutional holdings at 27.79% may provide some stability, but the overall negative financial indicators, including a very expensive valuation and a significant drop in profits, contribute to the stock's current downward trajectory.