Why is Kridhan Infra falling/rising?

As of 03-Sep, Kridhan Infra Ltd's stock price is currently at 4.01, reflecting a decrease of 0.14, or 3.37%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.65% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume decreasing by 56.86% compared to the 5-day average. Over the past year, Kridhan Infra has generated a return of -10.09%, which is notably poor compared to the Sensex's performance of -2.41% during the same timeframe. The company's negative book value and low return on equity of 8.20% further highlight its weak long-term fundamentals, contributing to its current stock price decline.
In the broader market context, Kridhan Infra's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -6.74% compared to the Sensex's slight decline of only -0.27%. This underperformance is compounded by a reduction in institutional investor participation, which has decreased by 3.42% over the previous quarter, indicating a lack of confidence from more knowledgeable market players. The company's flat results and negative return on capital employed further exacerbate its risk profile, making it less attractive to both institutional and retail investors. Overall, the combination of poor financial metrics, declining investor interest, and underperformance relative to the market has led to the stock's downward movement.