Why is Allied Digital falling/rising?

As of 04-Aug, Allied Digital Services Ltd's stock is currently priced at 156.30, reflecting a decrease of 1.05 or 0.67%. The stock has recently hit a new 52-week low of Rs. 147.5 and has been on a downward trend, losing 6.41% over the last four days. It is underperforming its sector by 2.29% today and is trading below all significant moving averages. The stock's performance over the past week shows a decline of 3.64%, while its year-to-date return is down 33.49%. Additionally, the company has reported a significant drop in profits, with a PAT of Rs -7.61 cr, which has fallen by 156.5% compared to the previous four-quarter average. This poor financial performance, combined with a lack of domestic mutual fund investment, indicates a lack of confidence in the stock.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting sharply with Allied Digital's negative performance. While the benchmark has gained 3.69% year-to-date, Allied Digital's substantial decline of 33.49% highlights its underperformance relative to the market. The stock's weak long-term growth prospects, evidenced by a negative operating profit growth rate and low return on equity, further contribute to its struggles. Overall, the combination of poor financial results, declining investor participation, and a lack of institutional support paints a concerning picture for Allied Digital's stock performance.