Why is Asian Star Co. falling/rising?

As of 26-Aug, Asian Star Company Ltd's stock price is currently at 720.00, reflecting an increase of 10.0 (1.41%). Today's price summary indicates that the stock has outperformed its sector by 3.02% and has experienced a trend reversal, gaining after four consecutive days of decline. The stock opened with a gain of 4.23% and reached an intraday high of Rs 740. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 87.18% against the 5-day average. Despite a low debt-to-equity ratio and attractive valuation metrics, the company has faced challenges, including a 36.5% decline in profits over the past year and negative results for the last 11 consecutive quarters, which may contribute to its recent price movement.
In the broader market context, the stock has underperformed the benchmark, with a 1-week return of -3.57% compared to the Sensex's -1.05%. Over the past year, Asian Star Company Ltd has generated a return of -17.71%, while the Sensex has seen a slight increase of 3.39%. This consistent underperformance against the benchmark, coupled with poor long-term growth indicators and minimal interest from domestic mutual funds, suggests a lack of confidence in the company's future prospects, which may be influencing the stock's price movements.