Why is Contil India falling/rising?

As of 11-Jul, Contil India Ltd's stock price is currently at Rs 27.60, reflecting a decline of Rs 1.36 or 4.7%. The stock has underperformed its sector by 3.78% today, reaching an intraday low of Rs 27.29, which is a drop of 5.77%. Over the past week, the stock has decreased by 6.76%, and its year-to-date performance shows a significant decline of 38.01%. Despite a notable increase in profits by 78.7% over the last year, the stock has generated a negative return of -13.75%, indicating weak long-term fundamental strength with an average Return on Equity (ROE) of 12.95%. The stock is trading at a discount compared to its peers, but the falling investor participation, with a delivery volume drop of 55.14% against the 5-day average, suggests a lack of confidence among investors.
In the broader market context, the Sensex has only declined by 1.12% over the past week and has shown a positive return of 5.58% year-to-date, indicating that Contil India is underperforming relative to the market. The stock's significant drop in value, combined with its weak performance compared to the benchmark, highlights the challenges it faces in attracting investor interest. The overall market conditions appear more favorable, yet Contil India continues to struggle, reflecting its long-term weaknesses and recent negative sentiment among investors.