Why is IndiaNivesh falling/rising?

As of 16-Jul, IndiaNivesh Ltd's stock price is currently at Rs 9.25, reflecting a decrease of Rs 0.01 or 0.11%. The stock has been experiencing a downward trend, having fallen for the last two days with a total return of -4.15% during this period. It is trading close to its 52-week low, just 1.08% away from Rs 9.15. The stock has significantly underperformed against the benchmark, with a year-to-date decline of 36.21% compared to a 5.75% increase in the Sensex. Additionally, the company has a negative book value and has reported weak financial results, including a substantial drop in profits, which contributes to its overall negative sentiment in the market. The increase in pledged promoter shares to 21.32% further raises concerns about the company's stability.
In the broader market context, IndiaNivesh's short-term performance has been notably worse than the benchmark, with a 1-week return of -1.60% compared to the Sensex's -1.08%. This consistent underperformance over the past three years indicates a lack of investor confidence and suggests that the stock is trading at risky levels compared to its historical valuations. While there has been a rise in investor participation, as evidenced by a 279.66% increase in delivery volume, the overall market sentiment remains negative due to the company's weak long-term fundamentals and ongoing financial struggles.