Why is Arkade falling/rising?

As of 23-Sep, Arkade Developers Ltd is experiencing a decline in its stock price, currently at 178.65, reflecting a decrease of 0.95 or 0.53%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 1.41% during this period. Although it outperformed its sector by 0.39% today, the stock's moving averages indicate a mixed performance, being higher than the 200-day moving average but lower than the shorter-term averages. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 34.03% compared to the five-day average. While the company maintains a low debt-to-equity ratio and has seen a slight increase in institutional investor participation, these factors have not been sufficient to counterbalance the negative sentiment stemming from poor recent financial results, including a significant drop in net sales and profit after tax.
In the broader market context, Arkade's short-term performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.34% over the past week while Arkade has gained 0.25%. However, over the past month, Arkade's stock has decreased by 2.62%, while the Sensex has increased by 0.98%, indicating a relative underperformance. The company's long-term growth prospects appear limited, with net sales growing at an annual rate of only 7.60% over the past five years, and a high valuation reflected in its price-to-book ratio of 3.7. These factors contribute to a cautious outlook among investors, further impacting the stock's recent price movement.