Why is Avantel falling/rising?

As of 06-Nov, Avantel Ltd is experiencing a decline in its stock price, currently at Rs 162.25, which reflects a decrease of Rs 5.45 or 3.25%. The stock has underperformed its sector significantly, with a performance drop of 10.15% today alone. It has been on a downward trend for the last five days, accumulating a total decline of 9.08%. The stock's recent returns show a 7.42% decrease over the past week and a substantial 23.23% drop over the past month, contrasting sharply with its year-to-date gain of 11.80%. The company's financial performance has been troubling, with a net profit fall of 67.34% and negative results reported for the last three consecutive quarters, which has contributed to its current valuation challenges.
In the broader market context, while the Sensex has only declined by 1.30% over the past week, Avantel's performance has been significantly worse, indicating a lack of investor confidence. The IT - Hardware sector has seen a gain of 7.16%, further highlighting Avantel's struggles. Additionally, the company's low debt to EBITDA ratio suggests some financial stability; however, the negative sentiment surrounding its earnings and the absence of domestic mutual fund investment imply a lack of confidence in its future prospects. This combination of poor financial results and weak investor participation has led to the stock's current downward trajectory.