Why is TruCap Finance falling/rising?

As of 11-Sep, TruCap Finance Ltd's stock is currently priced at 11.98, reflecting a decrease of 0.09 or 0.75%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 11.26% during this period. In terms of returns, the stock has shown a stark underperformance compared to the benchmark, with a year-to-date decline of 30.35% and a staggering 72.69% drop over the past year. The company is facing operational challenges, evidenced by substantial operating losses and a significant decline in profits, which have fallen by 774.4% over the past year. Additionally, the reduction in promoter stake by 4.8% signals a lack of confidence in the company's future prospects.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 4.36% year-to-date. The stock's short-term performance has been particularly poor, with a 7.35% decline over the past week while the benchmark has risen by 1.03%. This consistent underperformance against the benchmark over the last three years, coupled with weak long-term fundamentals and reduced promoter confidence, contributes to the negative sentiment surrounding TruCap Finance Ltd. The combination of these factors indicates a challenging environment for the stock, leading to its current downward trajectory.