Why is Quest Capital falling/rising?

As of 31-Jul, Quest Capital Markets Ltd is experiencing a decline in its stock price, currently at 361.90, which represents a decrease of 6.1 or 1.66%. The stock has underperformed its sector today by 1.12% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.49%. Over the past week, the stock has fallen by 4.13%, and year-to-date, it has seen a significant decline of 26.61%. Despite a positive performance in terms of profit before tax and profit after tax growth in the last quarter, the stock's overall performance remains weak, with a return of -6.00% over the past year and a low return on equity of 1.5, indicating poor long-term growth potential.
In the broader market context, Quest Capital's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the benchmark has shown a positive return of 3.90% year-to-date, Quest Capital's substantial decline highlights its struggles in attracting investor confidence. Although there has been an increase in institutional investor participation, which may provide some support, the overall sentiment remains negative due to the stock's weak long-term fundamentals and consistent underperformance relative to its peers.