Why is Asian Star Co. falling/rising?

As of 12-Jun, Asian Star Company Ltd's stock price is currently at Rs 712.15, reflecting a decrease of Rs 19.15 or 2.62%. The stock has been on a downward trend, having lost 6.3% over the last three days and is now trading close to its 52-week low, just 4.51% above it. Despite opening with a gain of 2.42% today and reaching an intraday high of Rs 749, the stock ultimately fell to its current price. Over the past year, the stock has underperformed significantly, with a return of -12.82%, while its profits have declined by 41.2%. The company has also reported negative results for the last ten consecutive quarters, leading to a weak long-term fundamental strength characterized by a -7.16% CAGR growth in operating profits over the last five years.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a year-to-date return of -11.53% against the Sensex's gain of 4.55%. While the diamond and gold jewelry sector has seen a decline of 2.38%, Asian Star Company Ltd's stock has consistently underperformed against the benchmark over the last three years. The lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its valuation or business prospects. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance relative to the market has contributed to the stock's decline.