Why is Kridhan Infra falling/rising?

As of 11-Sep, Kridhan Infra Ltd's stock price is currently at 3.90, reflecting a decrease of 0.01 or 0.26%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.18% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has a negative book value and a weak long-term fundamental strength, evidenced by a low average return on equity of 8.20%. Furthermore, institutional investors have reduced their stake by 3.42% in the last quarter, indicating a lack of confidence in the stock's prospects.
In the broader market context, Kridhan Infra's performance has been notably poor compared to the benchmark Sensex, which has gained 1.03% over the past week while Kridhan Infra has declined by 4.41%. The stock has also underperformed the benchmark over the last month and year-to-date, with returns of -2.74% and -32.64%, respectively. This trend of underperformance, coupled with a significant drop in institutional participation and flat financial results, contributes to the stock's negative momentum in the market.