Why is Kore Digital falling/rising?

As of 24-Jul, Kore Digital Ltd's stock is currently priced at 282.50, reflecting an increase of 0.45, or 0.16%. Despite this slight uptick, the stock has underperformed its sector by 0.56% today 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 declined by 2.69%, and it has experienced a significant drop of 11.80% over the past month. The company has reported a concerning fall in net sales by 66.04%, leading to very negative quarterly results, which has contributed to a substantial year-to-date decline of 51.63%. Although the company boasts a high return on equity (ROE) of 29.77% and a low debt-to-equity ratio, these positive factors are overshadowed by the recent poor financial performance and a significant drop in investor participation, with delivery volume falling by 42.7% against the 5-day average.
In the broader market context, the Sensex has shown a slight increase of 0.07% over the past month, contrasting sharply with Kore Digital's 11.80% decline during the same period. This indicates that while the overall market has remained relatively stable, Kore Digital has struggled significantly, underperforming not only the benchmark but also the BSE500 over the last three years, one year, and three months. The stock's long-term performance has been below par, generating a return of -48.64% in the last year, which further highlights the challenges the company faces in regaining investor confidence amidst its declining sales and profitability.