Why is Algoquant Fin falling/rising?

As of 22-Aug, Algoquant Fintech Ltd is experiencing a decline in its stock price, currently at Rs. 71.40, which represents a decrease of 4.45 (-5.87%). The stock has hit a new 52-week low of Rs. 71.05 today and has been on a consecutive downward trend for the last six days, resulting in a staggering -94.9% return over this period. In terms of performance against benchmarks, the stock has significantly underperformed, with a one-year return of -91.41% compared to the Sensex's modest gain of 0.31%. Additionally, the stock is trading below all major moving averages, indicating a bearish trend. While there are positive factors such as a strong ability to service debt and healthy long-term growth in net sales and operating profit, these are overshadowed by negative results, including a -70.54% growth in net profit and a very high Price to Book Value ratio of 42.8, suggesting an expensive valuation relative to its peers.
Broader Market Context: In the short term, Algoquant Fintech Ltd's performance has been starkly negative, with a one-week return of -94.81% compared to the Sensex's slight increase of 0.88%. This significant underperformance highlights the stock's struggles in the current market environment, where it has consistently lagged behind broader market indices over various time frames. The broader market has shown resilience, with the Sensex gaining 4.05% year-to-date, contrasting sharply with Algoquant's substantial losses. This divergence indicates that while the market may be stable or growing, Algoquant Fintech is facing severe challenges that are driving its stock price down.