Why is Spandana Sphoort falling/rising?

As of 04-Aug, Spandana Sphoorty Financial Ltd is experiencing a decline in its stock price, currently at 255.45, which reflects a decrease of 4.05 or 1.56%. The stock has been underperforming, having lost 6% over the last four days, and is trading below all its moving averages. In terms of returns, the stock has shown a significant decline of 61.00% over the past year and 22.57% year-to-date, while also underperforming the BSE500 index in both the short and long term. The company's financial health is concerning, with negative results reported for the last four consecutive quarters, including a staggering annual operating profit decline of 185.54%. This poor performance, coupled with a negative EBITDA and a substantial drop in profits, has contributed to the stock's downward trend.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.16% over the past week and 3.69% year-to-date. While the stock has seen a rise in investor participation, indicated by a significant increase in delivery volume, this has not translated into positive price movement. The high institutional holdings at 25.45% suggest that knowledgeable investors are also wary of the company's fundamentals, further impacting market sentiment negatively. Overall, the combination of poor financial results, negative growth projections, and underperformance relative to the benchmark has led to the stock's decline.