Why is 21st Cent. Mgmt. falling/rising?

As of 30-Jun, Twenty First Century Management Services Ltd's stock price is currently at Rs. 59.59, reflecting a decrease of Rs. 1.21 or 1.99%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 10.39% during this period. It is trading below all its moving averages and has underperformed its sector by 2.51%. Additionally, the stock has shown significant underperformance over various time frames, with a year-to-date decline of 34.23% and a one-year return of -13.71%. While the company boasts a high return on equity of 62.5 and a high dividend yield of 4.2%, its profits have plummeted by 61.7%, indicating weak fundamentals and contributing to the stock's recent decline.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has gained 2.09% over the past week and 2.65% over the past month. The stock's negative performance contrasts sharply with the market's positive returns, highlighting investor concerns regarding the company's operating losses and weak long-term fundamentals. The majority shareholders being promoters does not seem to have bolstered investor confidence, especially in light of the company's substantial operating losses and the negative results reported for the last quarter. Overall, the combination of poor financial performance and a lack of investor participation has led to the stock's continued decline.