Why is Muthoot Microfin falling/rising?

As of 04-Aug, Muthoot Microfin Ltd's stock price is currently at 156.45, reflecting a decrease of 0.95, or 0.6%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.55%. Over the past week, the stock has experienced a significant drop of 4.84%, while its performance over the past month shows a modest increase of 1.52%. However, the stock has underperformed the sector by 2.22% today. Despite a strong long-term fundamental strength indicated by a 45.40% CAGR growth in net sales, the company has reported negative results for the last three consecutive quarters, with a notable decline in net sales of 18.47%. This has contributed to a very expensive valuation with a return on equity of -8.5, further impacting investor sentiment negatively.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Muthoot Microfin's significant decline. While the stock has underperformed the market over the last year with a return of -34.54%, the benchmark BSE500 has only seen a drop of 2.34%. This stark difference highlights the challenges faced by Muthoot Microfin in attracting investor confidence, especially given its high institutional holdings of 25.89%, which typically indicate a more cautious outlook from knowledgeable investors. The liquidity of the stock remains adequate for trading, but the overall negative performance and recent financial results suggest a challenging environment for the company moving forward.