Why is Ontic Finserve falling/rising?

As of 24-Jul, Ontic Finserve Ltd is currently priced at 0.68, reflecting a decrease of 0.02 or 2.86%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in an 8.11% decline over the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 61.21% compared to the 5-day average. Despite these negative indicators, the company has reported positive results for the last three consecutive quarters, with a profit after tax of Rs 0.39 crore and a strong return on equity of 42.1, suggesting attractive valuations relative to its peers.
In the broader market context, the Sensex has remained relatively stable, with only a 0.09% decline over the past week, contrasting sharply with Ontic Finserve's performance. While the stock has generated a return of 15.25% over the past year, its recent performance has been disappointing, particularly in the short term. The stock's year-to-date return of 3.03% is also lower than the Sensex's 5.18%, indicating that Ontic Finserve is not keeping pace with the broader market. Overall, the combination of declining stock performance, reduced investor interest, and underperformance relative to the benchmark contributes to the current downward trend in Ontic Finserve's stock price.