Why is Eraaya Lifespace falling/rising?

As of 09-Sep, Eraaya Lifespaces Ltd is experiencing a decline in its stock price, currently at 44.18, reflecting a decrease of 1.26 or 2.77%. The stock has underperformed its sector today by 0.58% and has been on a consecutive downward trend for the past two days, accumulating a total drop of 2.9%. Over the past week, the stock has seen a significant decline of 8.13%, while its year-to-date performance shows a staggering drop of 63.74%. The company has reported negative results for the last three consecutive quarters, with net sales and profit after tax both declining by 62.46%. Additionally, the operating profit has seen an alarming annual growth rate of -9,239.00% over the last five years, indicating poor long-term growth prospects. Despite having sufficient cash to cover debt obligations and high institutional holdings at 24.83%, the overall negative financial performance and falling investor participation, as evidenced by a 19.1% drop in delivery volume, have contributed to the stock's recent decline.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 1.18% over the past week, while Eraaya Lifespaces Ltd has lost 8.13%. This underperformance is further highlighted by the stock's significant decline of 64.71% over the past year, compared to the market's slight negative return of -0.56%. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial health and the stark contrast to market performance suggest that investors are wary of its future prospects.