Why is Eraaya Lifespace falling/rising?

As of 04-Sep, Eraaya Lifespaces Ltd is experiencing a decline in its stock price, currently at 45.53, reflecting a decrease of 0.44 or 0.96%. The stock has underperformed its sector by 0.6% today and has been on a downward trend for the past two days, accumulating a total decline of 5.32%. Over the past week, the stock has decreased by 1.02%, and in the last month, it has fallen by 2.11%. The company's financial performance has been troubling, with negative results reported for the last three consecutive quarters, including a significant drop in net sales and profits. Additionally, the operating profit has seen an alarming annual decline of 9,239% over the last five years, which raises concerns about its long-term growth potential. Despite having sufficient cash to cover debt obligations and a relatively high institutional holding of 24.83%, the stock's recent performance is overshadowed by its negative operating profits and substantial losses.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date return of -62.63% against a market gain of 3.30%. This stark contrast highlights the stock's struggle, as it has underperformed the market significantly over the past year, where the benchmark (BSE500) recorded a negative return of only -4.38%. The falling investor participation, indicated by a 15.88% drop in delivery volume, further suggests a lack of confidence among investors. Overall, the combination of poor financial results, negative growth trends, and underperformance relative to the market contributes to the stock's current decline.