Why is 3i Infotech falling/rising?

As of 04-Aug, 3i Infotech Ltd's stock price is currently at 23.27, reflecting a decrease of 0.16, or 0.68%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.63%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline over various periods, with a 1-year return of -34.82% and a 3-year return of -41.97%. Despite the company declaring positive results in the last three quarters, including a 181% increase in profits, the stock's performance remains weak due to operating losses and a poor ability to service its debt, leading to a negative sentiment among investors.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, while 3i Infotech has decreased by 0.13% in the same timeframe, highlighting its underperformance relative to the benchmark. The company's weak long-term fundamental strength, characterized by a low Return on Equity and negative EBIT to Interest ratio, further exacerbates its struggles in the market. This consistent underperformance against the benchmark over the last three years, coupled with declining investor participation and liquidity issues, suggests that the stock is facing significant challenges in attracting investor confidence.