Why is IndiaNivesh falling/rising?

As of 15-Jul, IndiaNivesh Ltd's stock price is currently at Rs. 9.26, reflecting a decline of -0.39 (-4.04%). The stock has recently hit a new 52-week low of Rs. 9.15 and has underperformed its sector by -4.85%. Over the past week, the stock has decreased by 4.04%, and its performance over the last month shows a significant drop of 13.46%. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The increase in pledged promoter shares to 21.32% and the negative financial results, including a significant drop in profit after tax, contribute to the stock's weak long-term fundamental strength and overall negative sentiment.
In the broader market context, IndiaNivesh's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.36% over the same week. The stock's year-to-date performance shows a staggering decline of 36.14%, while the benchmark has gained 5.67%. This consistent underperformance against the benchmark over the last three years, coupled with a negative book value and a substantial fall in profits, underscores the stock's risky nature and the lack of investor confidence, contributing to its current downward trajectory.