Why is IndiaNivesh falling/rising?

As of 18-Jul, IndiaNivesh Ltd's stock price is flat at Rs. 9.40, with no change in percentage terms. The stock has recently hit a new 52-week low of Rs. 9.05, indicating a downward trend. Over the past week, the stock has decreased by 0.95%, and it has significantly underperformed the benchmark indices, with a year-to-date decline of 35.17% compared to a 4.63% increase in the Sensex. The stock is currently trading below all moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 58.66% against the 5-day average. Additionally, the increase in pledged promoter shares to 21.32% raises concerns about the company's stability. The company is facing significant financial challenges, including a negative book value and a sharp decline in profits, which have contributed to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown resilience with a 0.38% gain over the past month, IndiaNivesh's performance has been starkly negative, with a 9.18% decline during the same period. This consistent underperformance against the benchmark over the last three years, coupled with negative earnings results and a substantial drop in profitability, highlights the stock's riskiness compared to historical valuations. The overall market sentiment appears to be unfavorable for IndiaNivesh, as it struggles to attract investor confidence amidst its ongoing financial difficulties.