Why is Asian Granito falling/rising?

As of 16-Jul, Asian Granito India Ltd's stock price is currently at 63.79, reflecting a decrease of 0.15, or 0.23%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 0.65% during this period. In terms of returns, the stock has shown a modest increase of 0.74% over the past week, but it has significantly lagged behind the benchmark Sensex, which has decreased by 1.08% in the same timeframe. Despite reporting positive results for the last three quarters, including a notable increase in profits, the stock's long-term fundamentals are weak, evidenced by a -22.05% CAGR growth in operating profits over the last five years and a low return on equity of 4.23%. Additionally, the stock is trading at a discount compared to its peers, but the lack of domestic mutual fund investment suggests a lack of confidence in its valuation.
Broader market context indicates that while the stock has underperformed the market significantly over the past year, with a return of -19.59% compared to the Sensex's increase of 2.38%, it has outperformed the benchmark in the short term with a 0.74% gain over the last week. However, the overall sentiment remains cautious due to falling investor participation, as indicated by a 13.9% drop in delivery volume against the five-day average. The liquidity of the stock is adequate for trading, but the ongoing decline in price and the weak fundamentals may continue to weigh on investor sentiment, contributing to the stock's recent downward trajectory.