Why is Indo Thai Sec. falling/rising?

As of 22-Jul, Indo Thai Securities Ltd is experiencing a decline in its stock price, currently at Rs 198.55, which represents a decrease of Rs 11.45 or 5.45%. Today's price summary indicates that the stock opened with a loss of 2.76% and reached an intraday low of Rs 196.25, reflecting a significant drop of 6.55%. Despite a strong performance over the past year with a return of 609.11%, the company is facing challenges, including operating losses and a substantial decline in net sales and profit after tax in the most recent quarter. The stock's valuation appears expensive relative to its peers, and the lack of domestic mutual fund investment may suggest a lack of confidence in the company's long-term fundamentals.
In the broader market context, the stock has underperformed the benchmark, with a 1-week return of -2.23% compared to the Sensex's -0.47%. While the stock has shown impressive gains over the longer term, its recent performance indicates a divergence from the overall market trend. The rising investor participation, as evidenced by a significant increase in delivery volume, may not be enough to counterbalance the negative sentiment stemming from the company's financial difficulties and high valuation concerns.