Why is Airan falling/rising?

As of 22-Sep, Airan Ltd's stock price is currently at 26.24, reflecting a decline of 0.64, or 2.38%. The stock has experienced a trend reversal, falling after five consecutive days of gains. In terms of performance, while the stock has shown a slight increase of 1.78% over the past week, it has significantly underperformed over the longer term, with a year-to-date decline of 20.24% and a one-year drop of 32.53%. The company has a low debt-to-equity ratio of 0.02, and despite an attractive valuation with a return on equity of 12.8 and a price-to-book value of 2.3, its profits have plummeted by 100.3% over the past year. This poor financial performance, particularly the significant declines in profit before tax and net sales, contributes to the stock's recent downward movement.
In the broader market context, the stock's performance is in line with the IT - Software sector, which has also seen a decline of 2.6%. Compared to the Sensex, which has gained 0.46% over the past week, Airan's short-term return is notably weaker. The stock's liquidity remains sufficient for trading, but the overall negative sentiment surrounding its long-term growth prospects, coupled with disappointing quarterly results, has led to a bearish outlook among investors. This combination of factors indicates that the stock's recent decline is driven by both company-specific issues and broader market trends.