Why is IndiaNivesh falling/rising?

As of 08-Jul, IndiaNivesh Ltd's stock price is currently at Rs 9.65, showing no change (0.00%). The stock has been underperforming significantly, with a 1-week return of -0.52% and a 1-month return of -11.87%. It is also trading close to its 52-week low, just 4.66% above Rs 9.2. The stock's performance today is in line with its sector, but it is lower than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 54.62% compared to the 5-day average. The increase in pledged promoter shares to 21.32% raises concerns about the company's stability, especially given its negative book value and weak long-term fundamentals.
In the broader market context, the Sensex has shown a slight positive return of +0.02% over the past week, contrasting with IndiaNivesh's negative performance. The stock has consistently underperformed against the benchmark over the last three years, with a staggering 3-year return of -86.99% compared to the Sensex's +53.65%. This consistent underperformance, coupled with negative financial results and a significant drop in profits, suggests that investor confidence is waning, contributing to the stock's decline. Overall, the combination of poor financial health, increased pledged shares, and declining investor interest paints a concerning picture for IndiaNivesh Ltd.