Why is PNB Gilts falling/rising?

As of 17-Oct, PNB Gilts Ltd's stock price is currently at 90.22, reflecting a decrease of 7.44, or 7.62%. The stock has underperformed its sector by 7.58% today, opening with a significant loss of 6.32% and reaching an intraday low of Rs 88.79, which is a decline of 9.08%. Over the past week, the stock has seen a return of -7.75%, and its performance over the past month is similarly poor at -11.64%. The company has a Return on Equity (ROE) of 11.5, indicating a very attractive valuation, but its profits have fallen by 18% over the past year, contributing to the stock's decline. Additionally, the stock is trading below all key moving averages, suggesting a bearish trend.
In the broader market context, PNB Gilts' performance contrasts sharply with the Sensex, which has increased by 1.76% over the past week. This underperformance is indicative of weak long-term fundamentals, with a low average ROE of 13.28% and disappointing growth metrics, including a significant drop in profit after tax. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may reflect a lack of confidence in the stock's future performance. Overall, the combination of poor recent returns, weak fundamentals, and negative investor sentiment has led to the stock's current downward trajectory.