Why is Kore Digital falling/rising?

As of 11-Jun, Kore Digital Ltd's stock is currently priced at 300.80, reflecting a decline of 15.9 points or 5.02%. The stock has underperformed its sector by 4.3% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 3.17%, and it has shown a significant year-to-date decline of 48.50%. Despite a high return on equity of 29.77% and a low debt-to-equity ratio of 0.04, the company has reported very negative results, including a drastic fall in net sales by 66.04% and a net profit after tax that has plummeted by 126.5%. These factors contribute to the stock's recent downward movement.
In the broader market context, the Sensex has increased by 2.12% over the past week, highlighting a stark contrast to Kore Digital's performance. The company's consistent underperformance against the benchmark is evident, as it has generated negative returns over the past year and has lagged behind the BSE 500 in each of the last three annual periods. While there has been a rise in investor participation, with delivery volume increasing by 97% against the 5-day average, the overall sentiment remains negative due to the company's poor financial results and declining sales, which overshadow any positive aspects of its management efficiency or valuation.