Why is Kore Digital falling/rising?

As of 21-Jul, Kore Digital Ltd's stock price is currently at 283.75, reflecting a decline of 4.6 points or 1.6%. The stock has underperformed its sector today by 1.53% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 6.35%, and it has also experienced a substantial decline of 12.15% over the past month. The company has reported a very negative performance, with net sales falling by 66.04% and a PAT of Rs -1.00 crore, which is a drastic decline of 126.5% compared to the previous four-quarter average. Despite a high return on equity (ROE) of 29.77% and a low debt-to-equity ratio, the overall financial health appears to be deteriorating, contributing to the stock's downward trend.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.03% over the past week, contrasting sharply with Kore Digital's negative performance. The stock has underperformed the BSE500 index over the last three years, one year, and three months, indicating a broader trend of weakness compared to the market. While there has been a slight increase in investor participation, as evidenced by a 3.3% rise in delivery volume, the overall sentiment remains negative due to the company's poor financial results and significant losses in net sales. This combination of factors suggests that the stock's decline is influenced by both company-specific issues and its inability to keep pace with the broader market.