Why is SG Finserve falling/rising?

As of 24-Oct, SG Finserve Ltd is experiencing a decline in its stock price, currently at Rs 396.50, which represents a decrease of Rs 6.05 or 1.5%. Today's price summary indicates that the stock has underperformed its sector by 1.22% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 390.1, reflecting a drop of 3.09%. Despite this recent downturn, SG Finserve has shown positive returns over the past week and month, with increases of 7.06% and 6.63%, respectively. However, the stock has struggled year-to-date, down 2.82%, and over the past year, it has decreased by 9.94%. The company has demonstrated strong long-term fundamentals, with a high average return on equity of 50.75% and significant growth in net sales and operating profit, which may support its valuation despite recent price declines.
In the broader market context, SG Finserve's short-term performance has outpaced the benchmark Sensex over the last week and month, where the Sensex has only increased by 0.31% and 3.05%, respectively. This indicates that while the stock is currently facing a decline, its recent performance has been relatively strong compared to the market. The stock's liquidity remains healthy, and rising investor participation suggests ongoing interest, which could stabilize the price in the future. However, the recent price drop may be influenced by profit-taking after the stock's previous gains, as well as the overall market sentiment.