Why is KBS India falling/rising?

As of 31-Jul, KBS India Ltd is experiencing a decline in its stock price, currently at Rs 4.85, which represents a decrease of Rs 0.18 or 3.58%. The stock has underperformed its sector by 3.04% today and has been on a downward trend, falling for the last two days with a total return of -4.15%. Additionally, KBS India is trading lower than its moving averages across various time frames, indicating weak momentum. The stock is also close to its 52-week low, just 2.68% above Rs 4.72. The company's operating losses and weak long-term fundamentals, highlighted by a negative annual growth rate in operating profit of -4.85%, contribute to the stock's poor performance. Furthermore, with a return of -46.11% over the past year, the stock has significantly underperformed the broader market, which saw a decline of only -3.20%.
In the broader market context, KBS India's short-term performance contrasts sharply with the benchmark, as it has declined by 3.00% over the past week compared to the Sensex's drop of only 1.22%. This indicates that the stock is not only struggling in absolute terms but also relative to the market. The company's weak return on equity of 0.5 and a high price-to-book ratio of 1.6 suggest that it is trading at a premium compared to its peers, further discouraging investor interest. The significant drop in delivery volume, which fell by 86.02% against the five-day average, reflects a lack of investor participation, compounding the stock's challenges in the current market environment.