Why is Pioneer Invest falling/rising?

As of 25-Jul, Pioneer Investcorp Ltd's stock price is currently at Rs 61.00, reflecting an increase of Rs 2.49 or 4.26%. Today's price summary indicates that the stock initially opened lower, down by 3.4%, but managed to reach an intraday high of Rs 61, outperforming its sector by 6.38%. Over the past week, the stock has shown a positive return of 2.07%, and over the past month, it has increased by 2.43%. Despite a year-to-date decline of 28.24%, the stock has generated a notable return of 22.88% over the past year, with profits rising significantly by 94.1%. The stock is trading at a discount compared to its peers, with a very attractive valuation reflected in its low Price to Book Value of 0.5. However, it faces challenges with weak long-term fundamentals, including a low average Return on Equity (ROE) of 2.55% and declining net sales.
In the broader market context, the stock has outperformed the benchmark Sensex, which has shown a negative return of 0.36% over the past week. The finance/NBFC sector has also declined by 2.12%, indicating a challenging environment for stocks in this sector. Despite the overall market downturn, Pioneer Investcorp's ability to generate positive returns over the past year highlights its relative strength. However, the falling investor participation, as evidenced by a significant drop in delivery volume, suggests a potential concern for future performance. Overall, while the stock has shown resilience in the short term, its long-term growth prospects remain uncertain due to fundamental weaknesses.