Why is TruCap Finance falling/rising?

As of 18-Jul, TruCap Finance Ltd's stock price is currently at 18.16, reflecting a decrease of 0.37 or 2.0%. The stock has been on a downward trend, having underperformed its sector by 1.71% today and experiencing a consecutive fall for the last six days, resulting in a total decline of 11.28% during this period. The stock's performance over the past week shows a significant drop of 9.52%, while it has seen a modest increase of 21.31% over the past month. However, the company's fundamentals are concerning, with operating losses and a negative profit after tax of Rs -67.73 crore reported for the last quarter. Additionally, the reduction in promoter stake by 1.45% indicates waning confidence in the company's future prospects, further contributing to the stock's decline.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, including a staggering 61.96% decline in the past year compared to a slight gain of 0.51% for the benchmark. While the stock has shown some positive movement in the longer term, its recent trajectory reflects significant investor concerns, particularly regarding its weak long-term fundamentals and high valuation relative to peers. The falling investor participation, evidenced by a dramatic drop in delivery volume, also suggests a lack of confidence among traders, reinforcing the stock's downward momentum.