Why is Beardsell falling/rising?

As of 08-Jul, Beardsell Ltd's current price is Rs 29.71, reflecting an increase of Rs 0.14 or 0.47%. Despite this slight uptick, the stock has faced significant challenges, having fallen every week for the last eight weeks and every month for the last six weeks, resulting in a total return of -100% during these periods. The stock's performance over the past year shows a decline of -22.89%, even as its profits have increased by 19.4%, indicating a disconnect between stock price and underlying profitability. The stock is currently trading at a discount compared to its peers, with a favorable PEG ratio of 0.6, suggesting it may be undervalued. However, falling investor participation is evident, with a significant drop in delivery volume, which could be contributing to the stock's recent struggles.
In the broader market context, Beardsell's short-term performance has outpaced the Sensex, as it has outperformed the sector by 1.05% today. However, over the longer term, the stock has underperformed the benchmark, with a year-to-date decline of -25.87% compared to the Sensex's gain of 7.94%. This stark contrast highlights the challenges Beardsell faces in regaining investor confidence, particularly given its recent erratic trading patterns and liquidity issues. The stock's higher moving averages indicate some positive momentum, but the overall trend remains concerning as it continues to grapple with sustained declines.