Why is IKIO Tech falling/rising?

As of 25-Sep, IKIO Technologies Ltd is currently priced at 219.55, reflecting a decrease of 1.45, or 0.66%. The stock has underperformed its sector today by 0.75%, marking its second consecutive day of decline with a total drop of 1.94% over this period. The stock reached an intraday low of Rs 216.5, indicating a significant drop of 2.04%. Over the past week, the stock has fallen by 0.66%, while its performance over the last month shows a decline of 1.17%. The company has faced negative results for the last three consecutive quarters, with a substantial decrease in both profit before tax and profit after tax compared to previous averages. Additionally, the stock's long-term fundamentals are weak, evidenced by a -41.91% CAGR growth in operating profits over the last five years, leading to a perception of expensive valuation relative to peers.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -25.44% against the BSE500's -5.88%. This stark contrast highlights the challenges faced by IKIO Technologies Ltd, particularly as it has generated negative returns while the broader market has shown resilience. The falling investor participation, with a delivery volume drop of 61.26% against the five-day average, further indicates a lack of confidence among investors. Overall, the combination of poor financial performance, high valuation relative to peers, and declining investor interest contributes to the stock's downward trajectory.