Why is PMC Fincorp falling/rising?

As of 12-Sep, PMC Fincorp Ltd is currently priced at Rs 2.04, reflecting an increase of Rs 0.03 or 1.49%. Despite this slight uptick, the stock has shown a significant decline of 51.74% over the past year, and it is trading lower than all its moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being just 3.43% away from Rs 1.97. However, there has been a notable increase in investor participation, with delivery volume rising by 428.87% against the 5-day average, which may suggest some renewed interest despite the overall negative performance. The stock's valuation appears attractive with a Price to Book Value of 0.9, but it has suffered from declining profits, which fell by 8.2% over the past year.
In the broader market context, PMC Fincorp's short-term performance has lagged behind the benchmark, with a 3.77% decline over the past week compared to a 1.48% increase in the Sensex. This underperformance is consistent with its long-term trend, as the stock has generated negative returns over various periods, including a 41.55% drop year-to-date. The company's weak long-term fundamentals, highlighted by a low average Return on Equity of 5.19% and significant declines in both profit after tax and net sales, further contribute to the stock's struggles in the market. Overall, while there are some positive indicators, the prevailing negative trends and fundamental weaknesses suggest a challenging environment for PMC Fincorp.