Why is Qgo Finance falling/rising?

As of 23-Sep, Qgo Finance Ltd's stock price is currently at Rs 43.00, reflecting a decrease of Rs 0.59 or 1.35%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 4.53%. It is also trading lower than its moving averages across various time frames, indicating a bearish trend. Over the past year, the stock has generated a return of -31.85%, significantly worse than the broader market's decline of -3.33%. While the stock has an attractive valuation with a return on equity (ROE) of 16.4 and a price-to-book value of 1.7, its profits have decreased by 1.7%, contributing to the negative sentiment surrounding the stock.
In the broader market context, Qgo Finance's performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -5.49% compared to the Sensex's -0.34%. This underperformance is compounded by the fact that the stock has not only lagged behind the market over the past year but also shows weak long-term fundamental strength with an average ROE of 12.58%. Despite a rise in investor participation, as indicated by a significant increase in delivery volume, the overall market sentiment remains cautious, leading to continued selling pressure on the stock.