Why is Creative Newtech falling/rising?

As of 14-Aug, Creative Newtech Ltd's stock price is currently at 622.25, reflecting a decrease of 5.8 points or 0.92%. The stock is close to its 52-week low, being just 4.26% away from the low of Rs 605.1. In terms of performance, the stock has underperformed against the benchmark Sensex, with a 1-week return of -0.78% compared to the benchmark's +0.14%. Additionally, the stock has shown a significant decline year-to-date, down 32.93%, while the Sensex has increased by 4.17%. Despite a healthy long-term growth in net sales and operating profit, the stock's recent performance has been hindered by flat results in June and a low debtors turnover ratio, which may raise concerns among investors.
Broader market context indicates that Creative Newtech has consistently underperformed against the benchmark over the last three years, generating a return of -9.50% in the past year while the Sensex has gained 2.02%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation or business prospects. Furthermore, the stock's liquidity appears adequate for trading, but a decline in investor participation, as evidenced by a 12.4% drop in delivery volume, may contribute to the downward pressure on the stock price. Overall, the combination of underperformance against benchmarks and cautious sentiment from institutional investors is likely influencing the stock's current decline.