Why is GTPL Hathway falling/rising?

As of 04-Jul, GTPL Hathway Ltd. is experiencing a decline in its stock price, currently at Rs 118.25, reflecting a decrease of Rs 2.4 or 1.99%. Today's performance indicates that the stock opened lower, with a gap down of 2.74%, and reached an intraday low of Rs 117.35. Over the past week, the stock has underperformed, showing a return of -1.29%, while the Sensex has decreased by only 0.74%. The stock has also generated a significant negative return of -33.29% over the past year, coinciding with a substantial drop in profits by 55.1%. Despite a high dividend yield of 3.4% and a fair valuation compared to peers, the company has faced negative results for four consecutive quarters, contributing to investor concerns.
In the broader market context, while GTPL Hathway's recent performance has been poor, the Sensex has shown a positive return of 6.77% year-to-date, indicating that the stock is lagging behind the market. The company's long-term growth prospects appear bleak, with an annual operating profit decline of 22.64% over the last five years, and domestic mutual funds holding no stake in the company, which may reflect a lack of confidence in its future performance. Overall, the combination of disappointing financial results, underperformance relative to the benchmark, and low investor confidence has led to the stock's current downward trend.