Why is KBS India falling/rising?

As of 23-Jul, KBS India Ltd's stock price is currently at Rs 5.13, reflecting a decrease of Rs 0.12 or 2.29%. The stock has underperformed significantly, with a 1-week return of -4.65% and a 1-month return of -16.59%. It is also trading lower than all its moving averages, indicating a bearish trend. The stock is close to its 52-week low, just 2.53% away from Rs 5. The company is facing operational losses and has a weak long-term fundamental strength, as evidenced by a negative annual growth rate in operating profit of -4.85%. Additionally, despite a slight increase in profits over the past year, the stock has generated a return of -37.97%, which is significantly lower than the market average.
In the broader market context, KBS India has underperformed compared to the benchmark Sensex, which has shown a positive return of 0.11% over the past week and 1.01% over the past month. The stock's performance is further compounded by its high valuation metrics, including a Price to Book Value of 1.7, which is considered expensive relative to its peers. The company's majority shareholders are non-institutional, which may contribute to the stock's volatility. Overall, the combination of poor operational performance, high valuation, and significant underperformance against the market suggests that the stock is facing downward pressure.