Why is Kore Digital falling/rising?

As of 10-Jun, Kore Digital Ltd's stock price is currently at 316.70, reflecting a decrease of 35.15, or 9.99%. The stock has underperformed its sector by 9.42% today, despite showing higher performance than its 5-day, 20-day, and 50-day moving averages. However, it remains below its 100-day and 200-day moving averages. Over the past week, the stock has seen a return of +6.90%, but its year-to-date performance is significantly negative at -45.78%. The company has reported a substantial decline in net sales by 66.04%, leading to very negative quarterly results, which have contributed to the stock's recent bearish trend.
In the broader market context, while the Sensex has generated a return of 2.29% over the past week and 6.17% year-to-date, Kore Digital's performance has lagged behind, indicating a significant underperformance relative to the market. The stock's technical indicators suggest a mildly bearish trend, exacerbated by a negative return of -8.11% over the last year, compared to the market's positive return of 6.22%. Despite some positive factors such as high management efficiency and a low debt-to-equity ratio, the overall negative sentiment stemming from declining sales and profits has overshadowed these strengths, leading to the current decline in stock price.