Why is Std. Capital Mkt falling/rising?

As of 25-Jul, Standard Capital Markets Ltd is experiencing a decline in its stock price, currently at 0.58, which reflects a decrease of 0.01 or 1.69%. The stock has been on a downward trend, losing value for the past eight consecutive days, resulting in a total decline of 12.12% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a one-week return of -7.94% compared to the Sensex's -0.36% and a year-to-date decline of 39.58% against the Sensex's increase of 4.25%. Despite a strong growth in net sales and impressive quarterly results, including a 790.6% increase in profit after tax, the stock's long-term fundamentals are weak, as indicated by an average return on equity of only 3.70%.
In the broader market context, the finance/NBFC sector has also faced challenges, with a decline of 2.16%. This sector-wide downturn may be contributing to the stock's struggles, as investor sentiment could be negatively impacted. While there has been a rise in investor participation, with delivery volume increasing by 12.87% against the five-day average, the overall market conditions and the stock's significant underperformance over the past year, where it has lost 63.75%, suggest a cautious outlook. The stock's current valuation remains attractive relative to its peers, trading at a discount, but the persistent decline and weak long-term fundamentals may overshadow these positive factors.