Why is KBS India falling/rising?

As of 24-Jul, KBS India Ltd's stock price is currently at Rs. 5.00, reflecting a decrease of Rs. 0.13, or 2.53%. The stock has recently hit a new 52-week low of Rs. 4.92 and has been on a downward trend, having fallen consecutively for the last two days with a total decline of 4.76%. In the past week, KBS India has underperformed its sector by 1.79% and has shown significant losses over longer periods, including a 16.81% drop in the last month and a staggering 45.36% decline year-to-date. The company's operating losses and weak long-term fundamental strength, indicated by a negative annual growth rate of operating profit and a low return on equity (ROE) of 0.5, contribute to its poor performance. Additionally, the stock is trading at a premium compared to its peers, which further exacerbates its valuation issues.
In the broader market context, KBS India has significantly underperformed compared to the benchmark Sensex, which has gained 0.16% over the past month and 5.18% year-to-date. While the overall market has shown positive returns, KBS India has faced a stark contrast with its negative returns of 16.81% in the last month and 45.36% year-to-date. The declining investor participation, as evidenced by a 37.72% drop in delivery volume against the 5-day average, indicates a lack of confidence among investors, further contributing to the stock's downward trajectory. Overall, the combination of poor financial performance, high valuation relative to peers, and negative market sentiment has led to the stock's continued decline.