Why is Paisalo Digital falling/rising?

As of 16-Sep, Paisalo Digital Ltd's stock price is currently at 38.26, reflecting a decrease of 0.96, or 2.45%. The stock has underperformed its sector by 2.73% today and has experienced a trend reversal, falling after three consecutive days of gains. Despite trading above its moving averages, the stock has shown a significant decline over the past year, with a return of -39.46%, compared to the Sensex's slight decline of -0.73%. Factors contributing to this downturn include a high debt-equity ratio of 2.32 times, a decline in PAT by 5.5%, and a notable percentage of promoter shares being pledged, which adds downward pressure in a falling market. However, the company does exhibit strong long-term fundamentals, with a 21.63% CAGR growth in operating profits and a fair valuation compared to peers.
In the broader market context, while Paisalo Digital has shown a positive return of 25.69% over the past month, it still lags behind the benchmark's return of 2.21% during the same period. The stock's year-to-date performance is concerning, with a decline of 23.17%, contrasting sharply with the Sensex's gain of 5.43%. This underperformance, combined with falling investor participation and a recent decline in delivery volume, suggests that market sentiment towards Paisalo Digital is currently negative, contributing to its price decline.