Why is Creative Newtech falling/rising?

As of 04-Aug, Creative Newtech Ltd is experiencing a decline in its stock price, currently at Rs 616.45, which reflects a decrease of Rs 14.55 or 2.31%. The stock has hit a new 52-week low of Rs 612.05 today and has underperformed its sector by 3.84%. Over the past week, the stock has fallen by 5.63%, and its year-to-date performance shows a significant decline of 33.56%. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 71.17% compared to the five-day average. While the company has shown healthy long-term growth in net sales and an attractive valuation, recent financial performance has been concerning, with a 32.6% fall in PAT and a low debtors turnover ratio.
In the broader market context, the Sensex has shown a slight increase of 0.17% over the past week, contrasting with Creative Newtech's negative performance. The stock's underperformance is evident as it has generated a return of -14.63% over the last year, while the Sensex has remained relatively flat with a return of 0.02%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current valuation or business prospects. Overall, the combination of poor recent financial results, declining investor interest, and significant underperformance relative to the benchmark has contributed to the stock's downward movement.