Why is Arvind SmartSp. falling/rising?

As of 11-Nov, Arvind SmartSpaces Ltd is experiencing a decline in its stock price, currently at Rs 602.85, reflecting a decrease of Rs 12.6 or 2.05%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 2.65% during this period. It is also close to its 52-week low, just 3.75% away from Rs 580.25. The stock has shown negative returns over various periods, including a 1-year decline of 34.17%, while the company's recent financial performance has been poor, with a significant drop in net sales of 47.09% and negative results reported after four consecutive quarters. Although institutional investors have increased their stake by 0.82%, indicating some confidence, the overall sentiment remains negative due to the company's low return on equity and high valuation concerns.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.49% over the past week and 1.66% over the past month. While the stock has shown a strong return of 118.27% over the last three years, its recent performance has not kept pace with the market, leading to a year-to-date decline of 30.83% against the Sensex's 7.34% gain. This stark contrast highlights the challenges Arvind SmartSpaces Ltd faces in regaining investor confidence amidst a backdrop of broader market stability and growth.