Why is Colab Platforms falling/rising?

As of 10-Jun, Colab Platforms Ltd is experiencing a decline in its stock price, currently at Rs 33.16, which reflects a decrease of 1.74 or 4.99%. The stock has been on a consecutive downward trend for the past 21 days, resulting in a significant drop of 54.71% during this period. It opened today with a loss of 4.99% and has traded flat at this price. Despite having a strong performance over the past year with a return of 396.41%, the stock has underperformed the sector by 4.66% today and has shown a negative return of 22.58% over the past week. While there were positive results reported in March, including higher net sales and profits, the stock's long-term fundamental strength is weak, indicated by a low return on equity and a high price-to-book value ratio, which may deter investors.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has increased by 2.05% over the past week and 3.70% over the past month. This underperformance suggests that investor sentiment towards Colab Platforms is currently negative, particularly given the lack of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation. Although there has been a rise in investor participation, as evidenced by a 44.47% increase in delivery volume, the overall market conditions and the stock's technical indicators suggest a bearish outlook, contributing to its declining price.