Why is PMC Fincorp falling/rising?

As of 16-Sep, PMC Fincorp Ltd's stock price is currently at Rs 2.02, reflecting a decrease of Rs 0.02 or 0.98%. The stock has underperformed significantly, with a one-week return of -7.34% and a one-month return of -4.27%. It is also trading close to its 52-week low, just 2.48% above Rs 1.97. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 71.85% compared to the five-day average. Despite having a relatively attractive valuation with a Price to Book Value of 0.9 and a Return on Equity (ROE) of 8.9, the stock's performance has been poor, with a year-to-date return of -42.12% and a one-year return of -52.11%, compounded by a significant drop in profits and net sales.
In the broader market context, PMC Fincorp's performance contrasts sharply with the Sensex, which has gained 1.58% over the past week and 2.21% over the past month. The stock's long-term fundamentals are weak, as indicated by a low average ROE of 5.19% and negative growth in profits and sales over the last six months. This underperformance is further highlighted by its returns lagging behind the BSE500 index over various time frames, including the last three years and one year. Overall, the combination of declining investor interest, poor financial performance, and a lack of positive momentum in comparison to the benchmark has contributed to the stock's downward trajectory.