Why is 3i Infotech falling/rising?

As of 29-Aug, 3i Infotech Ltd's stock price is currently at 22.70, reflecting a decrease of 0.08, or 0.35%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.26% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company reporting positive results over the last three quarters, with a significant growth in profit after tax and attractive valuation metrics, the stock has underperformed significantly over the past year, generating a return of -35.62%. This underperformance is compounded by weak long-term fundamentals, including operating losses and a poor EBIT to interest ratio, which negatively impacts investor confidence.
In the broader market context, 3i Infotech's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.22% compared to the Sensex's -1.84%. The stock's liquidity appears to be declining, as evidenced by a 32.74% drop in delivery volume against the 5-day average. This lack of investor participation, combined with consistent underperformance against the benchmark over the last three years, suggests a challenging environment for the stock. Overall, while there are some positive indicators regarding the company's financial performance, the prevailing negative sentiment and structural weaknesses are contributing to its current price decline.