Why is Annvrridhhi Ven falling/rising?

As of 18-Jul, Annvrridhhi Ventures Ltd is experiencing a decline in its stock price, currently at 11.84, which reflects a decrease of 0.36 or 2.95%. The stock has underperformed its sector by 2.66% today and has fallen after three consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased significantly, with delivery volume dropping by 57.98% compared to the five-day average. Over the past year, the stock has seen a substantial decline of 63.00%, despite the company reporting positive results for the last three consecutive quarters, including increased net sales and profits. However, the stock's long-term fundamental strength is weak, with a low return on equity and a high price-to-book value, contributing to its current downward movement.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a one-year return of -63.00% against the BSE500's slight decline of -0.36%. This stark contrast highlights the stock's significant underperformance relative to the market. While the company has shown some positive financial results, the overall market sentiment and the stock's high valuation compared to its peers have led to a lack of investor confidence, further exacerbating its decline.