Why is Kamdhenu Venture falling/rising?

As of 15-Oct, Kamdhenu Ventures Ltd is experiencing a decline in its stock price, currently at Rs. 8.09, which reflects a decrease of Rs. 0.17 or 2.06%. The stock has hit a new 52-week low of Rs. 7.9 today and has been on a downward trend, losing 5.82% over the last three days. Additionally, the stock has underperformed its sector by 3.55%. Over the past week, it has seen a significant decline of 6.37%, and its year-to-date performance shows a staggering drop of 55.79%. The company's financial health is concerning, with a low return on equity of 6.36% and a substantial profit decline of 55.3% over the past year, contributing to its poor management efficiency and overall negative sentiment among investors.
In the broader market context, while the Sensex has gained 1.02% over the past week, Kamdhenu Ventures has significantly lagged behind, indicating a stark contrast in performance. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting some interest from retail investors despite the overall negative trend. However, the decrease in institutional investor participation, which has fallen by 1.6% in the last quarter, further underscores the lack of confidence in the company's prospects. Overall, the combination of poor financial results, declining investor interest, and significant underperformance relative to the benchmark has led to the stock's current downward trajectory.