Why is Alldigi Tech falling/rising?

As of 06-Oct, Alldigi Tech Ltd's stock price is currently at 898.00, reflecting a decline of 18.95 points or 2.07%. The stock has been underperforming, having fallen consecutively for the last three days, with a total drop of 3.96% during this period. Today, it opened significantly lower, down 8.61%, and reached an intraday low of Rs 838. The stock has also underperformed its sector by 3.79%. Over the past year, Alldigi Tech has generated a return of -12.77%, which is considerably worse than the broader market's performance. Despite a high dividend yield of 3.3% and a low debt-to-equity ratio, the company's profits have decreased by 0.2%, contributing to negative sentiment among investors.
In the broader market context, Alldigi Tech's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -2.29% against the Sensex's gain of 1.77%. This trend of underperformance is further highlighted by the stock's negative returns over the past month and year, contrasting sharply with the benchmark's positive returns. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and growth potential, further exacerbating its decline. Overall, the combination of poor recent performance, declining profits, and lack of institutional support has led to a negative outlook for Alldigi Tech Ltd.