Why is Ashima falling/rising?

As of 08-Jul, Ashima Ltd's stock price is currently at 29.35, reflecting a decrease of 0.35, or 1.18%. The stock has underperformed its sector by 3.01% today, and its delivery volume has fallen by 16.78% compared to the 5-day average, indicating declining investor participation. Over the past week, the stock has decreased by 1.51%, and it has seen a significant decline of 36.20% over the past year, while its profits have plummeted by 100.2%. The company's weak long-term fundamental strength is highlighted by operating losses, a poor EBIT to Interest ratio of 0.11, and a low return on equity of 4.19%. These factors contribute to a very expensive valuation with a price-to-book value of 1.9, further discouraging investor confidence.
In the broader market context, while the BSE500 has generated returns of 1.98% over the past year, Ashima Ltd has significantly lagged behind with a negative return of 36.20%. This stark contrast emphasizes the company's struggles, particularly as domestic mutual funds hold only 0.01% of the company, suggesting a lack of confidence in its future performance. The stock's performance relative to the benchmark indicates that it is not only underperforming in the short term but also facing challenges that may deter potential investors from engaging with it in the current market environment.