Why is Algoquant Fin falling/rising?

As of 25-Aug, Algoquant Fintech Ltd is currently priced at Rs. 71.40, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 70 and has underperformed its sector by 0.32%. Over the past week, the stock has declined by 14.80%, and it has experienced a staggering 94.13% drop over the past month. The company has reported a significant decrease in investor participation, with delivery volume falling by 40.89% compared to the 5-day average. Despite a strong ability to service debt and healthy long-term growth in net sales and operating profit, the company has faced negative results in its latest quarter, with a 44.3% decline in PAT and a 7.1% drop in net sales compared to previous averages. The stock's high valuation, indicated by a Price to Book Value of 42.2, further complicates its appeal, especially given the substantial losses in profitability over the past year.
In the broader market context, Algoquant Fin's performance has been notably poor compared to the benchmark, with a 1-year return of -91.58% while the Sensex has gained 0.68%. This stark contrast highlights the stock's struggles not only in the short term but also over the longer term, as it has underperformed the BSE500 across various time frames. The combination of falling sales, declining profits, and a high valuation relative to peers suggests that investor confidence is waning, contributing to the stock's downward trajectory.