Why is IKIO Tech falling/rising?

As of 18-Nov, IKIO Technologies Ltd is currently priced at 196.00, reflecting a decrease of 1.0, or 0.51%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 5.84% during this period. In terms of returns, the stock has seen a 1-week decline of 2.99%, a 1-month drop of 6.18%, and a year-to-date decrease of 20.11%, all of which starkly contrast with the Sensex's positive performance. The company's fundamentals are weak, highlighted by a -49.68% CAGR growth in operating profits over the last five years and a low return on equity of 3.1, indicating poor profitability. Additionally, the latest six-month profit after tax has decreased by 52.13%, further contributing to the stock's negative sentiment.
Broader market context shows that while the Sensex has gained 0.96% over the past week, IKIO Technologies has significantly lagged behind, underperforming the broader market. This trend of underperformance is consistent over various time frames, including a year where the stock has returned -21.77% compared to the Sensex's 9.48%. The falling investor participation, with a notable drop in delivery volume, and the stock's trading below all key moving averages suggest a lack of confidence among investors. Overall, the combination of weak financial performance, high valuation relative to peers, and consistent underperformance against the benchmark indicates a challenging environment for IKIO Technologies Ltd.