Why is PMC Fincorp falling/rising?

As of 17-Sep, PMC Fincorp Ltd is currently priced at Rs 2.04, reflecting an increase of Rs 0.02 or 0.99%. Despite this slight uptick, the stock has shown a significant decline over the past year, with a return of -50.06%. Today's performance indicates that the stock is trading lower than all its moving averages, and it is close to its 52-week low, being just 3.43% away from Rs 1.97. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 58.1% compared to the 5-day average. While the stock is trading at a discount relative to its peers and has a relatively attractive valuation with a Price to Book Value of 0.9, its fundamentals are weak, highlighted by a low Return on Equity (ROE) of 5.19% and declining profits.
In the broader market context, PMC Fincorp's short-term performance has been poor compared to the benchmark, with a 1-week return of -6.42% against the Sensex's gain of +1.56%. This underperformance is consistent with the stock's trend over the past month and year, where it has lagged behind the benchmark indices. The stock's long-term outlook remains weak, as indicated by negative growth in both net sales and profit after tax over the last six months. Overall, while there is a minor increase in the stock price today, the underlying fundamentals and market conditions suggest a challenging environment for PMC Fincorp.