Why is Contil India falling/rising?

As of 26-Sep, Contil India Ltd's stock price is currently at Rs. 23.10, reflecting a decline of -0.96 or -3.99%. The stock has recently hit a new 52-week low and has been on a downward trend, losing -7.41% over the last three days. It is trading below all major moving averages, indicating a bearish sentiment. Over the past year, the stock has underperformed significantly, with a return of -49.56%, while its profits have risen by 59.8%. Despite a fair valuation indicated by a Price to Book Value of 3.1 and a low PEG ratio of 0.2, the weak long-term fundamentals, including a low average Return on Equity (ROE) of 12.95%, contribute to the stock's negative performance. In the broader market context, Contil India has underperformed relative to the benchmark, with a one-year return of -49.56% compared to the BSE500's -7.63%. The stock's performance over the last week and month also shows a significant decline of -6.63% and -14.44%, respectively, while the Sensex has only fallen -2.66% and -0.45% in the same periods. This stark contrast highlights the stock's struggles in a generally challenging market environment, further exacerbated by weak quarterly results and a lack of institutional support among shareholders.