Why is Colab Platforms falling/rising?

As of 05-Jun, Colab Platforms Ltd is experiencing a decline in its stock price, currently at Rs 38.66, which reflects a decrease of 2.03 (-4.99%). The stock has been on a downward trend, having fallen for the last 20 consecutive days, resulting in a total decline of 49.26% during this period. Additionally, the stock opened with a loss of 4.99% today and has remained at this price level throughout the trading session. Despite a remarkable one-year return of 445.28%, the stock's recent performance has been poor, with a 22.53% drop over the past week and a staggering 46.17% decline over the past month. The company's fundamentals show some positive results, such as higher net sales and profits in the latest quarter, but the overall long-term strength is weak, indicated by a low return on equity and a high price-to-book value ratio.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a 22.53% decline over the past week against a mere 0.23% drop in the Sensex. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the falling investor participation, as evidenced by a decrease in delivery volume, suggests a lack of confidence among investors. The stock's technical indicators are mixed, showing some bullish signs, yet the overall sentiment remains negative due to its high valuation compared to peers and the absence of domestic mutual fund investment, which could indicate skepticism about its current price levels.