Why is Kridhan Infra falling/rising?

As of 15-Sep, Kridhan Infra Ltd's stock price is currently at 3.95, reflecting a decrease of 0.01 or 0.25%. The stock has underperformed its sector today by 2.4%, and it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has declined by 2.95%, while it has shown a modest gain of 0.77% over the last month. However, the year-to-date performance is concerning, with a significant drop of 31.78%. The company is facing challenges, including a negative book value and weak long-term fundamentals, which contribute to its classification as a strong sell. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's future performance.
In the broader market context, the Sensex has gained 1.24% over the past week, contrasting sharply with Kridhan Infra's decline. The construction and real estate sector has also seen a positive movement, gaining 2.28%, further highlighting Kridhan Infra's underperformance. The stock's negative return of 4.82% over the past year, coupled with a significant decline in institutional participation, suggests that investor sentiment is weak. Overall, the combination of poor financial indicators, declining investor interest, and underperformance relative to both the sector and the benchmark has led to the stock's current downward trajectory.