Why is BLB falling/rising?

As of 28-Jul, BLB Ltd's stock price is currently at 14.18, reflecting a decrease of 0.12, or 0.84%. The stock has been on a downward trend, having lost 5.21% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has underperformed significantly over various time frames, with a year-to-date return of -28.71% compared to a positive return of 3.52% for the Sensex. Despite a very attractive valuation indicated by a low Price to Book Value of 0.8 and a PEG ratio of 0.4, the company has reported operating losses and a significant decline in net sales and profit after tax in the most recent quarter, contributing to its weak long-term fundamental strength.
In the broader market context, BLB Ltd's recent performance has been notably poorer than the benchmark, with a 1-week return of -2.81% compared to the Sensex's -1.59%. This underperformance is compounded by a substantial drop in investor participation, as evidenced by a 61.71% decline in delivery volume against the 5-day average. The majority of shareholders being non-institutional may also indicate a lack of confidence in the stock's future performance, further exacerbating its decline. Overall, the combination of disappointing financial results, weak investor interest, and a downward trend in stock performance relative to the benchmark paints a concerning picture for BLB Ltd.