Why is Arunjyoti Bio falling/rising?

As of 04-Jul, Arunjyoti Bio Ventures Ltd is experiencing a decline in its stock price, currently at 6.26, which reflects a decrease of 0.12 or 1.88%. The stock has underperformed its sector by 2.01% today and has been on a downward trend for the last five days, accumulating a total loss of 9.28% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The recent decrease in promoter holding to 47.64% and weak financial performance, including a negative profit after tax and declining net sales, contribute to the stock's poor performance. The stock's return on equity is low at 6.58%, and it is trading at a high price-to-book value of 3.6, indicating an expensive valuation compared to its peers.
In the broader market context, while the Sensex has shown a slight decline of 0.74% over the past week, Arunjyoti Bio's performance has been significantly worse, with a 1-month return of -13.18% compared to the benchmark's positive return of 3.01%. Over the year, the stock has generated negative returns of 19.78%, contrasting sharply with the market's overall gain of 4.23%. This stark underperformance highlights the stock's struggles in a relatively stable market environment, further exacerbated by falling investor participation and liquidity issues.