Why is Muthoot Microfin falling/rising?

As of 22-Jul, Muthoot Microfin Ltd's stock price is currently at 166.55, reflecting a slight increase of 0.2 (0.12%). The stock has been gaining for the last three days, with a total return of 2.02% during this period. It has outperformed its sector by 0.33% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite these positive short-term movements, the company has faced significant challenges, including a decline in net sales of 18.47% and negative results for the last three consecutive quarters. The stock has generated a return of -30.31% over the past year, indicating a troubling trend in profitability, with a return on equity of -8.5 and a very expensive valuation at a price to book value of 1.1.
In the broader market context, Muthoot Microfin's short-term performance has been relatively better than the benchmark, as it has gained 0.30% over the past week while the Sensex has declined by 0.47%. However, the stock's year-to-date performance shows a decline of 4.45%, contrasting with the Sensex's increase of 5.18%. This indicates that while the stock is experiencing a brief uptick, it remains under pressure in the longer term, particularly given its substantial underperformance over the past year and three years compared to broader market indices. The high institutional holdings may provide some support, but the overall negative financial results and declining investor participation suggest caution among investors.