Why is Creative Newtech falling/rising?

As of 18-Sep, Creative Newtech Ltd's stock price is currently at 630.80, reflecting a decrease of 3.85, or 0.61%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.07% away from the low of Rs 605.1. Over the past week, the stock has seen a slight decline of 0.05%, and its performance over the last month shows a drop of 4.89%. Although the company has reported healthy long-term growth with net sales increasing at an annual rate of 34.90% and operating profit at 30.95%, the stock has underperformed significantly, generating a return of -29.89% over the past year. This underperformance, coupled with low domestic mutual fund interest and flat results in recent quarters, has contributed to the stock's decline.
In the broader market context, Creative Newtech's performance has lagged behind the Sensex, which has gained 1.67% over the past week and 2.20% over the past month. The stock's year-to-date performance shows a stark contrast, with a decline of 32.01% compared to the Sensex's increase of 7.52%. This underperformance is further highlighted by the fact that the stock has not only generated negative returns over the past year but has also underperformed the BSE500 index over various time frames. The lack of confidence from domestic mutual funds, which hold no stake in the company, may indicate broader concerns about the stock's valuation and future prospects, reinforcing the negative sentiment surrounding Creative Newtech Ltd.