Why is Eraaya Lifespace falling/rising?

As of 08-Sep, Eraaya Lifespaces Ltd is experiencing a decline in its stock price, currently at 45.44, reflecting a decrease of 0.74 or 1.6%. The stock has underperformed its sector by 1.78% today, and while it is higher than the 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.90%, contrasting with a modest gain of 0.53% in the Sensex. The company has shown a significant decline in performance over the last year, with a return of -61.88%, while its net sales and profits have also decreased sharply, indicating poor long-term growth prospects. Despite having sufficient cash to cover debt and high institutional holdings, the negative operating profits and consecutive quarterly losses have contributed to the stock's downward trend.
In the broader market context, the stock's performance over the past year has been significantly worse than the benchmark, which has seen a decline of only 3.07%. The company's negative results and substantial drop in operating profit, which has fallen at an alarming rate, have led to a perception of risk among investors. Although there has been a rise in investor participation, as evidenced by a 60.82% increase in delivery volume, the overall sentiment remains cautious due to the company's poor financial health and lack of growth. This combination of factors has resulted in the stock's continued decline amidst a market that has shown more resilience.