Why is SMC Global Sec. falling/rising?

As of 17-Nov, SMC Global Securities Ltd is experiencing a decline in its stock price, currently at 64.00, which represents a decrease of 2.8 or 4.19%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.85% during this period. It opened lower today, down 2.54%, and reached an intraday low of Rs 63.5. Over the past week, the stock has decreased by 6.71%, while its performance over the last month shows a decline of 4.87%. Additionally, the company has reported negative results for the last four consecutive quarters, with significant drops in both profit before tax and profit after tax, contributing to a negative sentiment around the stock. Despite having a strong long-term fundamental strength with an average return on equity of 14.42%, the stock's recent performance has been overshadowed by its declining profits and high debt-equity ratio.
Broader market context indicates that SMC Global Securities Ltd has significantly underperformed compared to the benchmark, with the Sensex gaining 1.69% over the past week while the stock has lost 6.71%. In the last year, the stock has generated a negative return of 6.57%, contrasting sharply with the market's positive return of 8.59%. This underperformance may reflect a lack of confidence from domestic mutual funds, which hold no stake in the company, suggesting that they may not be comfortable with the current valuation or business outlook. The stock's trading below its moving averages further indicates a bearish trend, reinforcing the negative sentiment in the market.