Why is Kore Digital falling/rising?

As of 28-Oct, Kore Digital Ltd's stock price is currently at 178.95, reflecting a decline of 4.25, or 2.32%. The stock has underperformed significantly, with a performance today that is 4.55% lower than its sector. Over the past week, the stock has dropped by 7.35%, and it has seen a staggering decline of 21.60% over the past month. Additionally, the stock has been trading below all its moving averages, indicating a bearish trend. The delivery volume has also decreased sharply, falling by 57.05% compared to the 5-day average, suggesting a lack of investor interest. Despite high management efficiency and a low debt-to-equity ratio, the company has reported very negative results, including a 68.78% drop in net sales, which has contributed to the stock's poor performance.
In the broader market context, the Sensex has shown a slight increase of 0.26% over the past week, contrasting sharply with Kore Digital's decline. The stock's year-to-date return is down by 69.36%, while the benchmark has gained 9.69% during the same period. This stark difference highlights the stock's underperformance not only in the short term but also over the past year, where it has generated a return of -72.97% compared to the Sensex's 6.56%. The combination of declining sales, negative quarterly results, and overall underperformance relative to the market has led to a lack of confidence among investors, contributing to the stock's downward trajectory.